Okla. Stat. tit. 36, § 36-2619: Limited liability
Where this section sits in the code
- OK Code
- Title 36
A. The private property of the subscribers, agents, officers,
directors, members and employees of any corporation holding a
certificate of authority under this article shall be wholly exempt
from any of the debts, obligations, and liabilities of the
corporation.
B. Until and unless the current annual statement of the
corporation discloses a surplus of Fifty Thousand Dollars
($50,000.00), such corporation shall not issue a policy or contract
without a stated contingent liability of the members, which shall
not be less than one time nor more than ten times the annual cash
premium or dues expressed in the policy or contract.
Collected 2026-09-14T18:32:36Z. Source file · JSON