§18-2061. Public benefit limited liability companies.
PUBLIC BENEFIT LIMITED LIABILITY COMPANIES. A. Sections 23 through 29 of this act shall be known and may be cited as the “Oklahoma Public Benefit Limited Liability Company Act” and within such sections as this act. B. A “public benefit limited liability company” is a for-profit limited liability company formed under and subject to the […]
§18-2062. Certain amendments and mergers; Votes required.
CERTAIN AMENDMENTS AND MERGERS; VOTES REQUIRED. A. Upon the approval of members or other holders who own at least two-thirds (2/3) of the then outstanding equity interests entitled to vote: 1. An existing domestic limited liability company including a professional limited liability company, may become a public benefit limited liability company by amending its articles […]
§18-2063. Duties of members or managers.
DUTIES OF MEMBERS OR MANAGERS. A. The members or managers or other persons with authority to manage or direct the business and affairs of a public benefit limited liability company shall manage or direct the business and affairs of the public benefit limited liability company in a manner that balances the pecuniary interests of the […]
§18-2064. Periodic statements and third-party certification.
PERIODIC STATEMENTS AND THIRD-PARTY CERTIFICATION. A public benefit limited liability company shall no less than biennially provide its members with a statement as to the limited liability company’s promotion of the public benefit or public benefits set forth in its articles of organization and as to the best interests of those materially affected by the […]
§18-2065. Derivative suits.
DERIVATIVE SUITS. Members of a public benefit limited liability company or assignees of membership interests in a public benefit limited liability company owning individually or collectively, as of the date of instituting such derivative suit, at least two percent (2%) of the then-current membership interests of the limited liability company may maintain a derivative lawsuit […]
§18-2066. No effect on other limited liability companies.
NO EFFECT ON OTHER LIMITED LIABILITY COMPANIES. This act shall not affect a statute or rule of law that is applicable to a limited liability company that is not a public benefit limited liability company. Added by Laws 2021, c. 51, § 28, eff. Nov. 1, 2021.
§18-2067. Accomplishment by other means.
ACCOMPLISHMENT BY OTHER MEANS. The provisions of this act shall not be construed to limit the accomplishment by any other means permitted by law of the formation or operation of a limited liability company that is formed or operated for a public benefit including a limited liability company that is designated as a public benefit […]
§18-2055. Fees.
The Secretary of State shall charge and collect the following fees: 1. For filing the original articles of organization, a fee of One Hundred Dollars ($100.00); 2. For filing amended, corrected or restated articles of organization, a fee of Fifty Dollars ($50.00); 3. For filing articles of merger or consolidation and issuing a certificate of […]
§18-2055.1. Failure to pay registered agent fees.
FAILURE TO PAY REGISTERED AGENT FEES A domestic or foreign limited liability company for which the Secretary of State acts as the registered agent that fails to pay the registered agent fee by the due date as provided in paragraph 12 of Section 2055 of this title shall be subject to the provisions of Sections […]
§18-2055.2. Annual certificate for domestic limited liability company and foreign limited liability company.
ANNUAL CERTIFICATE FOR DOMESTIC LIMITED LIABILITY COMPANY AND FOREIGN LIMITED LIABILITY COMPANY A. Every domestic limited liability company and every foreign limited liability company registered to do business in this state shall file a certificate each year in the Office of the Secretary of State, which confirms it is an active business and includes its […]