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§ 2058. Rules of construction of act

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 32. Oklahoma Limited Liability Company Act (Refs & Annos)
18 Okl.St.Ann. § 2058
§ 2058. Rules of construction of act
Currentness
RULES OF CONSTRUCTION OF ACT
A. The rules that statutes in derogation of the common law are to be strictly construed shall have no application to the Oklahoma General Corporation Act.1
B. The law of estoppel shall apply to this act.2
C. The law of agency shall apply under this act.
D. It is the policy of this act to give the maximum effect to the principle of freedom of contract and to the enforceability of operating agreements.
E. This act shall not be construed so as to impair the obligations of any contract existing when the act goes into effect, nor to affect any action or proceedings begun or right accrued before this act takes effect.

Credits

Laws 1992, c. 148, § 59, eff. Sept. 1, 1992; Laws 2001, c. 405, § 40, eff. Nov. 1, 2001.

Footnotes

1
Title 18, § 1001 et seq.
2
Title 18, § 2000 et seq.
18 Okl. St. Ann. § 2058, OK ST T. 18 § 2058
Current with legislation of the Second Regular Session of the 59th Legislature (2024) effective as of July 1, 2024. Some sections may be more current, see credits for details.
End of Document