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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 18, § 18-2053: Derivative action - Expenses - Disposition of proceeds

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Where this section sits in the code
  1. OK Code
  2. Title 18

A. If a derivative action is successful, in whole or in part,

or if anything is received by the plaintiff as a result of a

judgment, compromise or settlement of an action or claim, the court

may award the plaintiff reasonable expenses, including reasonable

attorneys' fees, and shall direct him to remit to the limited

liability company the remainder of those proceeds received by him.

B. In any action hereafter instituted in the right of any

domestic or foreign limited liability company by a member or members

thereof, the court having jurisdiction, upon final judgment and a

finding that the action was brought without reasonable cause, may

require the plaintiff or plaintiffs to pay to the parties named as

defendants the reasonable expenses, including attorneys' fees,

incurred by them in the defense of such action.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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