Okla. Stat. tit. 18, § 18-952: Revocation of license - Vacation of franchise - Penalties

A. Any license issued after June 1, 1971, under the Oklahoma

Business Corporation Act to a foreign corporation for the purpose of

engaging in farming or ranching or for the purpose of owning or

leasing any interest in land to be used in the business of farming

or ranching shall be revoked within five (5) years of the effective

date of this act.

B. The corporate franchise of any existing domestic corporation

formed under the Oklahoma Business Corporation Act after June 1,

1971, for the purpose of engaging in farming or ranching or for the

purpose of owning or leasing any interest in land to be used in the

business of farming or ranching shall be vacated within five (5)

years of the effective date of this act unless its articles of

incorporation comply with Section 951 of this title.

C. The corporate franchise of any domestic corporation governed

by the Oklahoma General Corporation Act formed for the purpose of

farming or ranching or for the purpose of owning or leasing any

interest in land to be used in the business of farming or ranching

and permitted to engage in such activity under this act shall be

vacated promptly in the manner prescribed by Section 104 of this

act, if the corporation has persistently violated the provisions of

subsection A of Section 951 of this title.

D. The State Board of Agriculture shall initiate and prosecute

civil or criminal actions and proceedings when deemed necessary to

enforce or carry out any of the provisions of this code.

E. This act shall not require any foreign or domestic

corporation to dispose of any property acquired on or before June 1,

1971.

F. Any farming or ranching corporation which violates the

provisions of Section 951 of this title shall be fined an amount not

to exceed Five Hundred Dollars ($500.00). Any other person,

corporation or entity who knowingly violates such section shall be

deemed guilty of a misdemeanor.