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§ 1128. Defective organization of corporation as defense

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. § 1128
§ 1128. Defective organization of corporation as defense
DEFECTIVE ORGANIZATION OF CORPORATION AS DEFENSE
A. No corporation of this state and no person sued by any such organization shall be permitted to assert the want of legal organization as a defense to any claim.
B. This section shall not be construed to prevent judicial inquiry into the regularity or validity of the organization of a corporation, or its lawful possession of any corporate power it may assert in any other suit or proceeding where its corporate existence or the power to exercise the corporate rights it asserts is challenged, and evidence tending to sustain the challenge shall be admissible in any such suit or proceeding.

Credits

Laws 1986, c. 292, § 128, eff. Nov. 1, 1986.
18 Okl. St. Ann. § 1128, OK ST T. 18 § 1128
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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