Okla. Stat. tit. 36, § 36-2422: Creditors' rights; liens; contracts; pending suits

The rights of creditors and all liens upon the property of the

former mutual benefit association shall be preserved unimpaired and

all debts, liabilities, contracts and duties of the former mutual

benefit association shall thenceforth attach to the reorganized and

converted organization, and such reorganized and converted

corporation shall be obligated to carry out and perform all of the

obligations of every kind and character owing by the former mutual

benefit association to the holders of its policies or certificates;

and said policies or certificates shall be administered in

accordance with the provisions of the law in force at the time said

policies were issued. Any pending suits wherein the former mutual

benefit association was a party shall be unaffected by the

conversion thereof, and shall be prosecuted by or against such

reorganized and converted corporation the same as if the conversion

had not taken place.