Bethlehem Steel Corp. v. Giese

HODGES, Justice.

The determinative issue in this appeal is whether the reinstatement of a corporation, after suspension for failure to pay franchise tax under 68 O.S.1981 § 1212, wipes out the personal liability of corporate officers and directors for debts incurred following suspension and before reinstatement. 1 The question has been answered in the negative in a prior opinion which we follow today, and thus the trial court’s conclusions to the contrary must be reversed.

Plaintiff’s petition sought recovery for a corporate debt incurred during the time that the corporate defendant was…