§ 431. Liability of directors
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 431
§ 431. Liability of directors
If the indebtedness of such corporation shall at any time exceed the amount of its subscribed capital stock and surplus the directors assenting thereto shall be personally and individually liable for such excess to the creditors. Except any indebtedness created in favor of the state warehouse revolving fund.
Credits
Laws 1919, c. 147, p. 231, § 11; Laws 1923, c. 167, p. 270, § 4.
18 Okl. St. Ann. § 431, OK ST T. 18 § 431
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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