ACTION BY OFFICER, DIRECTOR OR SHAREHOLDER AGAINST CORPORATION FOR CORPORATE DEBT PAID When any officer, director or shareholder shall pay any debt of a corporation for which he is made liable by the provisions of the Oklahoma General Corporation Act, he may recover the amount so paid in an action against the corporation for money paid for its use, and in such action only the property of a corporation shall be liable to be taken, and not the property of any shareholder.
Okla. Stat. tit. 18, § 1125
Action by Officer, Director or Shareholder Against Corporation for Corporate Debt Paid
Added by Laws 1986, c. 292, § 124, eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.