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§ 1127. Liability of corporation, etc.; impairment by certain transactions

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 22. Oklahoma General Corporation Act (Refs & Annos)
Suits Against Corporations, Directors, Officers or Shareholders
18 Okl.St.Ann. § 1127
§ 1127. Liability of corporation, etc.; impairment by certain transactions
LIABILITY OF CORPORATION, ETC.; IMPAIRMENT BY CERTAIN TRANSACTIONS
The liability of a corporation of this state, or of the shareholders, directors or officers thereof, or the rights or remedies of the creditors thereof, or persons doing or transacting business with the corporation, shall not in any way be lessened or impaired by the sale of its assets, or by the increase or decrease in the capital stock of the corporation, or by its merger or consolidation with one or more corporations or by any change or amendment in its certificates of incorporation.

Credits

Laws 1986, c. 292, § 127, eff. Nov. 1, 1986.
18 Okl. St. Ann. § 1127, OK ST T. 18 § 1127
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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