Oklahoma § 21-1639 - Fraudulent insolvency - Penalties
Full text of Oklahoma Oklahoma Statutes § 21-1639 — Fraudulent insolvency - Penalties, with citation guidance and answers to common questions.
§ 21-1639. 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.
Oklahoma Statutes - Title 21. Crimes and Punishments
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 21-1639
What does Oklahoma Statutes § 21-1639 cover?
Section 21-1639 ("Fraudulent insolvency - Penalties") 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 § 21-1639?
A common citation format is "Oklahoma Statutes § 21-1639" (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 § 21-1639 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.