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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 18, § 18-1104: Revocation or forfeiture of charter - proceedings

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Where this section sits in the code
  1. OK Code
  2. Title 18

REVOCATION OR FORFEITURE OF CHARTER; PROCEEDINGS

A. The district court shall have jurisdiction to revoke or

forfeit the charter of any corporation for abuse, misuse or nonuse

of its corporate powers, privileges or franchises. The Attorney

General, upon his own motion or upon the relation of a proper party,

shall proceed for this purpose by complaint in the county in which

the registered office of the corporation is located.

B. The district court shall have power, by appointment of

receivers or otherwise, to administer and wind up the affairs of any

corporation whose charter shall be revoked or forfeited by any court

pursuant to the provisions of the Oklahoma General Corporation Act

or otherwise, and to make such orders and decrees with respect

thereto as shall be just and equitable respecting its affairs and

assets and the rights of its shareholders and creditors.

C. No proceeding shall be instituted pursuant to the provisions

of this section for nonuse of any corporation's powers, privileges

or franchises during the first two (2) years after its

incorporation.

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

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