§ 1125. Action by officer, director or shareholder against corporation for corporate debt paid
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 1125
§ 1125. Action by officer, director or shareholder against corporation for corporate debt paid
ACTION BY OFFICER, DIRECTOR OR SHAREHOLDER AGAINST CORPORATION FOR CORPORATE DEBT PAID
When any officer, director or shareholder shall pay any debt of a corporation for which he is made liable by the provisions of the Oklahoma General Corporation Act, he may recover the amount so paid in an action against the corporation for money paid for its use, and in such action only the property of a corporation shall be liable to be taken, and not the property of any shareholder.
Credits
Laws 1986, c. 292, § 125, eff. Nov. 1, 1986.
18 Okl. St. Ann. § 1125, OK ST T. 18 § 1125
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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