Okla. Stat. tit. 82, § 82-1324.33: Dissolution of corporation - Transfer of assets,

property, obligations and benefits.

A. Upon the affirmative order of the board of county

commissioners to organize the district, the corporation shall be

deemed dissolved. The board of directors of the corporation shall

file notice of such dissolution with the Secretary of State.

B. All debts, liabilities and obligations of the corporation

shall be paid and discharged or transferred pursuant to subsection E

of this section.

C. Upon filing with the Secretary of State of notice of

dissolution, the corporation shall cease to carry on its business

except insofar as may be necessary for the winding up thereof.

D. Upon receipt of notice of dissolution and compliance with

the provisions of this section, the Secretary of State shall issue a

certificate of dissolution for the corporation.

E. 1. Except as otherwise provided by subsection B of this

section, any employee benefits, assets, easements, and titles to any

real property or personal property held by the corporation shall be

construed to be the benefits, assets, easements, property and

obligation of the district.

2. A single notice of the transfer shall be filed for such

assets, easements or titles of record with the Secretary of State

and in the office of the county clerk where such records are

located.

3. Unless otherwise discharged by law, all legal proceedings

instituted by or against the corporation prior to the organization

of a district pursuant to the provisions of this act shall upon

petition be renewed and continued by or against the district by an

order of the court constituting the name of such district.