Oklahoma § 18-1104
Full text of Oklahoma Oklahoma Statutes § 18-1104, with citation guidance and answers to common questions.
§ 18-1104.
Revocation or forfeiture of charter - proceedings.
REVOCATION OR FORFEITURE OF CHARTER; PROCEEDINGS
A. The district court shall have jurisdiction to revoke or
forfeit the charter of any corporation for abuse, misuse or nonuse
of its corporate powers, privileges or franchises. The Attorney
General, upon his own motion or upon the relation of a proper party,
shall proceed for this purpose by complaint in the county in which
the registered office of the corporation is located.
B. The district court shall have power, by appointment of
receivers or otherwise, to administer and wind up the affairs of any
corporation whose charter shall be revoked or forfeited by any court
pursuant to the provisions of the Oklahoma General Corporation Act
or otherwise, and to make such orders and decrees with respect
thereto as shall be just and equitable respecting its affairs and
assets and the rights of its shareholders and creditors.
C. No proceeding shall be instituted pursuant to the provisions
of this section for nonuse of any corporation's powers, privileges
or franchises during the first two (2) years after its
incorporation.
Added by Laws 1986, c. 292, § 104, eff. Nov. 1, 1986.
Oklahoma Statutes - Title 18. Corporations
Frequently Asked Questions About Oklahoma § 18-1104
What does Oklahoma Statutes § 18-1104 cover?
Section 18-1104 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 § 18-1104?
A common citation format is "Oklahoma Statutes § 18-1104" (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 § 18-1104 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.