Okla. Stat. tit. 54, § 54-500-1005A: Proceeds and expenses
Where this section sits in the code
- OK Code
- 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