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

Okla. Stat. tit. 18, § 18-441-1305: Proceeds and expenses

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

PROCEEDS AND EXPENSES.

(a) Except as otherwise provided in subsection (b) of this

section:

(1) Any proceeds or other benefits of a derivative action to

enforce a right of a limited cooperative association, whether by

judgment, compromise, or settlement, belong to the association and

not to the plaintiff; and

(2) If the plaintiff in the derivative action receives any

proceeds, the plaintiff shall immediately remit them to the

association.

(b) If a derivative action to enforce a right of a limited

cooperative association is successful in whole or in part, the court

may award the plaintiff reasonable expenses, including reasonable

attorney fees and costs, from the recovery of the association.

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

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