Action by Officer, Director or Shareholder Against Corporation for Corporate Debt Paid.

  1. Law
  2. Oklahoma Statutes
  3. Corporations
  4. Action by Officer, Director or Shareholder Against Corporation for Corporate Debt Paid.

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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.


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