Oklahoma § 36-2511 - Existing corporations; amendments of articles of

§ 36-2511. Existing corporations; amendments of articles of

incorporation; effect of reincorporation.

Any domestic life or accident and health corporation, company or

association existing or doing business in this state on April 9,

1923, may, by the vote of a majority of its board of directors or

trustees, accept the provisions of this article and amend its

Oklahoma Statutes - Title 36. Insurance

articles of incorporation to conform to the same, so as to cover and

enjoy any and all the provisions and privileges of this article the

same as if it had been originally incorporated thereunder, and it

shall file such amended articles of incorporation in the office of

the Secretary of State, a certified copy of which shall be filed

with the Insurance Commissioner, and shall thereafter perpetually

enjoy the same and be deemed to have been incorporated under this

article. Reincorporation, however, shall in no way annul, modify or

change any of the existing contracts and liabilities of such

corporation, company or association, and any and all such contracts

and liabilities shall continue in force and effect the same as

though such corporation had not reincorporated or qualified under

this article, neither shall such reincorporation in any way

prejudice, impede or impair any pending action or proceeding or any

rights previously acquired.

Laws 1957, p. 325, § 2511.