Oklahoma § 18-1125 - Action by Officer, Director or Shareholder Against
Full text of Oklahoma Oklahoma Statutes § 18-1125 — Action by Officer, Director or Shareholder Against, with citation guidance and answers to common questions.
§ 18-1125. Action by Officer, Director or Shareholder Against
Corporation for Corporate Debt Paid.
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.
Added by Laws 1986, c. 292, § 124, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-1125
What does Oklahoma Statutes § 18-1125 cover?
Section 18-1125 ("Action by Officer, Director or Shareholder Against") 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 § 18-1125?
A common citation format is "Oklahoma Statutes § 18-1125" (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 § 18-1125 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.