Section 1639 - Fraudulent insolvency - PenaltiesA. 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 felony punishable by up to five (5) years of incarceration and a fine of up to Fifty Thousand Dollars ($50,000.00).Okla. Stat. tit. 21, § 1639
R.L. 1910, §2729; Amended by Laws 2012 , SB 1439, c. 235, § 2, emerg. eff. 7/1/2012.