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§ 488. Penalty for failure to comply

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 12. Guaranty or Surety Companies (Refs & Annos)
18 Okl.St.Ann. § 488
§ 488. Penalty for failure to comply
Any company doing business under the provisions of this article,1 which shall fail to comply with any of its provisions, shall forfeit to the State of Oklahoma for every such failure not less than Five Hundred Dollars ($500.00) nor more than Five Thousand Dollars ($5,000.00) to be recovered by suit in the name of the State of Oklahoma, in the same court in which suit may be brought against such company under the provisions of this article, and such failure shall not affect the validity of any contract entered into by such company.

Credits

R.L.1910, § 1351.

Footnotes

Title 18, § 481 et seq.
18 Okl. St. Ann. § 488, OK ST T. 18 § 488
Current with emergency effective legislation through Chapter 317 of the First Regular Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
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