{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1106","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1106","heading":"Receivers for insolvent corporations - Appointment and","body":"powers.\n\nRECEIVERS FOR INSOLVENT CORPORATIONS; APPOINTMENT AND POWERS\n\nWhenever a corporation shall be insolvent, the district court of\n\nthe county in which the registered office is located may at any time\n\nupon the application of a shareholder or shareholders, severally or\n\njointly, who have been registered owners for a period of not less\n\nthan six (6) months, of not less than ten percent (10%) of the\n\nentire outstanding stock of the corporation or a creditor whose\n\nclaim has been reduced to judgment and execution thereon has been\n\nissued, appoint one or more persons to be receivers of and for the\n\ncorporation, to take charge of its assets, estate, effects, business\n\nand affairs, and to collect the outstanding debts, claims, and\n\nproperty due and belonging to the corporation, with power to\n\nprosecute and defend, in the name of the corporation or otherwise,\n\nall claims or suits, to appoint an agent or agents under them, and\n\nto do all other acts which might be done by the corporation and\n\nwhich may be necessary or proper. The powers of the receivers shall\n\nbe such and shall continue so long as the court shall deem\n\nnecessary.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"2414cd8b62d208b0107ea8ef8e1a9802508ba7bb936688f73ded8f0bc1651e6e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1105","next":"us-ok/okla.-stat.-tit.-18-18-1107"},"notice":"GroundRules: Original legal text. Not legal advice."}