§18-2055.3. Reinstatement of a limited liability company.
REINSTATEMENT OF A LIMITED LIABILITY COMPANY A. A domestic limited liability company not in good standing for failure to file an annual certificate and pay the annual certificate fees or registered agent fees, including a domestic limited liability company whose articles of organization have been canceled under subsection B of Section 2012.1 of Title 18 […]
§18-2056. Action to compel execution or filing of articles or other documents.
Any person who is adversely affected by the failure or refusal of any person to execute and file any articles or other document to be filed under this act may petition the district court in the county where the registered office of the limited liability company is located or, if no such address is on […]
§18-2057. Application of act to foreign and interstate commerce.
The provisions of this act shall apply to commerce with foreign nations and among the several states only as permitted by law. Added by Laws 1992, c. 148, § 58, eff. Sept. 1, 1992.
§18-2058. Rules of construction of act.
RULES OF CONSTRUCTION OF ACT A. The rules that statutes in derogation of the common law are to be strictly construed shall have no application to the Oklahoma General Corporation Act. B. The law of estoppel shall apply to this act. C. The law of agency shall apply under this act. D. It is the […]
§18-2059. District court – Jurisdiction.
The district court shall have jurisdiction to enforce the provisions of this act. Added by Laws 1992, c. 148, § 60, eff. Sept. 1, 1992.
§18-2060. Cases not provided for in act.
CASES NOT PROVIDED FOR IN ACT In any case not provided for in the Oklahoma Limited Liability Company Act, the rules of law and equity, including the rules of law and equity relating to fiduciary duties and the law merchant, shall govern. Added by Laws 1992, c. 148, § 61, eff. Sept. 1, 1992. Amended […]
§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 […]