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

Okla. Stat. tit. 54, § 54-500-1005A: Proceeds and expenses

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  1. OK Code
  2. Title 54

PROCEEDS AND EXPENSES.

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

section:

(1) any proceeds or other benefits of a derivative action,

whether by judgment, compromise, or settlement, belong to the

limited partnership and not to the derivative plaintiff;

(2) if the derivative plaintiff receives any proceeds, the

derivative plaintiff shall immediately remit them to the limited

partnership.

(b) If a derivative action is successful in whole or in part,

the court may award the plaintiff reasonable expenses, including

reasonable attorney fees, from the recovery of the limited

partnership.

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

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