Okla. Stat. tit. 18, § 18-867: Director - Breach of fiduciary duty - Liability
Where this section sits in the code
- OK Code
- 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