Oklahoma § 8-215 - Injunction against continuation of business

§ 8-215. Injunction against continuation of business

If the Board is of the opinion upon examination or from other

evidence, that any burial association:

(1) is in an insolvent condition in that it fails and is unable

to provide any burial benefit in accordance with the terms and

conditions of its burial agreement, or

(2) has not complied with its articles of incorporation or

agreement or the provisions of the law applicable to such

association, or

(3) is not maintaining its trust fund according to the

provisions of this act, or

(4) that its condition or management is such as to render its

further proceedings or transaction of business hazardous to the

public, or its members, or to its creditors, or

Oklahoma Statutes - Title 8. Cemeteries

(5) that its treatment and dealings with its members and

claimants are not equitable or just, or

(6) has not complied with, or has violated, a written rule or

regulation or order promulgated or issued by the Board, it shall

apply to the district court of Oklahoma County, through the Attorney

General of the state, for an injunction restraining the burial

association, in whole or in part, from further proceeding with its

business. The court may issue an injunction forthwith and may,

after notice to the association, and hearing held, make the

injunction perpetual, and make all orders and decrees needful in the

premises, and may appoint a person designated by the Board to act

for and in its behalf as receiver to take possession of the property

and effects of the association and to settle its affairs, subject to

such rules and orders as the court from time to time may prescribe.

Laws 1953, p. 133, § 15.