Fraudulent insolvency - Penalties

A. In every case of a fraudulent insolvency of a moneyed corporation not licensed to conduct insurance business in the State of Oklahoma, every director thereof who participated in such fraud is guilty of a misdemeanor. B. In every case of a fraudulent insolvency of a moneyed corporation licensed to conduct the business of insurance in the State of Oklahoma, every director thereof who participated in such fraud is guilty of a Class D1 felony offense punishable as provided for in subsections B through F of Section 20N of this title and a fine of up to Fifty Thousand Dollars ($50,000.00). R.L.1910, § 2729. Amended by Laws 2012, c. 235, § 2, eff. July 1, 2012; Laws 2025, c. 486, § 448, eff. Jan. 1, 2026.