Oklahoma § 15-567 - Punishment for violations - Second offenses - Forfeiture
Full text of Oklahoma Oklahoma Statutes § 15-567 — Punishment for violations - Second offenses - Forfeiture, with citation guidance and answers to common questions.
§ 15-567. Punishment for violations - Second offenses - Forfeiture
of corporate charters.
Any person, either as agent or principal, who enters into or
assists in making any contracts of sale of the sort of character
Oklahoma Statutes - Title 15. Contracts
denounced by Section 564 of this title for the future delivery of
cotton, grain, stocks or other commodities, or who maintains or
operates a bucket shop as that term is defined in Section 565 of
this title, shall be guilty of a Class D3 felony offense, and upon
conviction thereof shall be fined in a sum not to exceed One
Thousand Dollars ($1,000.00), or be imprisoned as provided for in
subsections B through F of Section 20P of Title 21 of the Oklahoma
Statutes, and any person who shall be guilty of a second offense
under this statute in addition to the penalty above prescribed may,
upon conviction, be both fined and imprisoned in the discretion of
the court, and if a corporation, it shall be liable to forfeiture of
all its rights and privileges as such, and the continuance of such
establishment after the first conviction shall be deemed a second
offense. It shall be the duty of the Attorney General to institute
proceedings for the forfeiture of the charter of any corporation
making itself liable to such forfeiture under the provisions of this
act.
Added by Laws 1917, c. 97, p. 148, § 7. Amended by Laws 1997, c.
133, § 133, eff. July 1, 1999; Laws 1999, 1st Ex.Sess., c. 5, § 60,
eff. July 1, 1999; Laws 2025, c. 486, § 647, eff. Jan. 1, 2026.
NOTE: Laws 1998, 1st Ex.Sess., c. 2, § 23 amended the effective
date of Laws 1997, c. 133, § 133 from July 1, 1998, to July 1, 1999.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 15-567
What does Oklahoma Statutes § 15-567 cover?
Section 15-567 ("Punishment for violations - Second offenses - Forfeiture") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 15-567?
A common citation format is "Oklahoma Statutes § 15-567" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 15-567 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.