Oklahoma § 18-1116
Full text of Oklahoma Oklahoma Statutes § 18-1116, with citation guidance and answers to common questions.
§ 18-1116.
Discontinuance of Liquidation.
DISCONTINUANCE OF LIQUIDATION
The liquidation of the assets and business of an insolvent
corporation may be discontinued at any time during the liquidation
proceedings when it is established that cause for liquidation no
longer exists. In such event the district court in its discretion,
and subject to such condition as it may deem appropriate, may
Oklahoma Statutes - Title 18. Corporations
dismiss the proceedings and direct the receiver or trustee to
redeliver to the corporation all of its remaining property and
assets.
Added by Laws 1986, c. 292, § 116, eff. Nov. 1, 1986.
Frequently Asked Questions About Oklahoma § 18-1116
What does Oklahoma Statutes § 18-1116 cover?
Section 18-1116 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 § 18-1116?
A common citation format is "Oklahoma Statutes § 18-1116" (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 § 18-1116 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.