Okla. Stat. tit. 18, § 18-433: Illegal dividends - Liability of directors

If the directors of such corporation shall declare and pay any

dividend or apportionment of earnings, or profits to members or

nonmembers when the corporation is insolvent or when it would be

rendered insolvent by such payment, such directors shall be jointly

and severally liable for all debts of the corporation then existing

and for all such debts as shall be thereafter incurred while they

shall respectively continue in office. Any director may relieve

himself from such liability at any time before the time fixed for

the payment of such dividend or apportionment by filing a

certificate in writing of his objection with the secretary of the

corporation, and with the county clerk of the county in which the

principal office is located.