GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 15, § 15-567: Punishment for violations - Second offenses - Forfeiture

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 15

of corporate charters.

Any person, either as agent or principal, who enters into or

assists in making any contracts of sale of the sort of character

denounced by Section 564 of this title for the future delivery of

cotton, grain, stocks or other commodities, or who maintains or

operates a bucket shop as that term is defined in Section 565 of

this title, shall be guilty of a Class D3 felony offense, and upon

conviction thereof shall be fined in a sum not to exceed One

Thousand Dollars ($1,000.00), or be imprisoned as provided for in

subsections B through F of Section 20P of Title 21 of the Oklahoma

Statutes, and any person who shall be guilty of a second offense

under this statute in addition to the penalty above prescribed may,

upon conviction, be both fined and imprisoned in the discretion of

the court, and if a corporation, it shall be liable to forfeiture of

all its rights and privileges as such, and the continuance of such

establishment after the first conviction shall be deemed a second

offense. It shall be the duty of the Attorney General to institute

proceedings for the forfeiture of the charter of any corporation

making itself liable to such forfeiture under the provisions of this

act.

Collected 2026-09-14T18:32:36Z. Source file · JSON

Browse this collection