Oklahoma § 36-2666 - Limited liability
Full text of Oklahoma Oklahoma Statutes § 36-2666 — Limited liability, with citation guidance and answers to common questions.
§ 36-2666. Limited liability
A. The private property of the subscribers, agents, officers,
directors, members and employees of any corporation holding a
certificate of authority as provided by Section 2651 et seq. of this
title shallbe exempt from any of the debts, obligations and
liabilities of the corporation.
B. Unless the current annual statement of the corporation
discloses a surplus of Fifty Thousand Dollars ($50,000.00), such
corporation shall not contract for providing optometric service or
indemnity without a stated contingent liability of the participating
optometrists licensed in optometry in Oklahoma and who meet the
standards and rules of practice of the corporation, which shall
notbe less than one time nor more than ten times the annual cash
premium or dues expressed in the policy or contract.
Laws 1968, c. 150, § 16, emerg. eff. April 9, 1968; Laws 1979, c.
134, § 1, emerg. eff. May 3, 1979.
Frequently Asked Questions About Oklahoma § 36-2666
What does Oklahoma Statutes § 36-2666 cover?
Section 36-2666 ("Limited liability") 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 § 36-2666?
A common citation format is "Oklahoma Statutes § 36-2666" (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 § 36-2666 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.