Okla. Stat. tit. 18, § 18-2053: Derivative action - Expenses - Disposition of proceeds
Where this section sits in the code
- OK Code
- 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