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

Okla. Stat. tit. 18, § 18-867: Director - Breach of fiduciary duty - Liability

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

In addition to the immunity provisions of Section 866 of Title

18 of the Oklahoma Statutes, no member of the board of directors of

a nonprofit corporation shall be personally liable to the

corporation, or members thereof, for monetary damages for breach of

fiduciary duty as a director, provided that such immunity from

liability shall not extend to:

1. any breach of the director's duty of loyalty to the

corporation; or

2. any acts or omissions not in good faith or which involve

intentional misconduct or a knowing violation of the law; or

3. any transaction from which the director derived an improper

personal benefit.

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

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