{"data":{"id":"us-ok/okla.-stat.-tit.-2-2-15-2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 2, § 2-15-2","heading":"Limitation on indebtedness - Purchase of realty -","body":"Mortgages - Directors' liability.\n\nAgricultural Fair Corporations shall not contract any debts or\n\nliabilities in excess of the amount of money in the treasury at the\n\ntime of contract except for the purchase of real property, for which\n\nthey may create a debt not exceeding Three Thousand Dollars\n\n($3,000.00), secured by mortgage on the property of the corporation.\n\nThe directors of any Agricultural Fair Corporation who vote therefor\n\nshall be personally liable for any debt contracted or incurred in\n\nviolation of this section.\n\nR.L. 1910, § 23. Amended by Laws 2001, c. 146, § 147, emerg. eff.\n\nApril 30, 2001. Renumbered from § 32 of this title by Laws 2001, c.\n\n146, § 267, emerg. eff. April 30, 2001.","path":["OK Code","Title 2"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os2.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"bb5219969560bd7cc259806e842c51a03d1b7c4ed548e9b1becc1c4fc922cf3a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-2-2-15-163","next":"us-ok/okla.-stat.-tit.-2-2-15-21"},"notice":"GroundRules: Original legal text. Not legal advice."}