Okla. Stat. tit. 18, § 18-441-1008: Liability for improper distributions - Limitation of

action.

LIABILITY FOR IMPROPER DISTRIBUTIONS; LIMITATION OF ACTION.

(a) A director who consents to a distribution that violates

Section 96 of this act is personally liable to the limited

cooperative association for the amount of the distribution which

exceeds the amount that could have been distributed without the

violation if it is established that in consenting to the

distribution the director failed to comply with Section 83 or 84 of

this act.

(b) A member or transferee of financial rights which received a

distribution knowing that the distribution was made in violation of

Section 96 of this act is personally liable to the limited

cooperative association to the extent the distribution exceeded the

amount that could have been properly paid.

(c) A director against whom an action is commenced under

subsection (a) may:

(1) Implead in the action any other director who is liable

under subsection (a) of this section and compel contribution from

the person; and

(2) Implead in the action any person that is liable under

subsection (b) of this section and compel contribution from the

person in the amount the person received as described in subsection

(b) of this section.

(d) An action under this section is barred if it is commenced

later than two (2) years after the distribution.