{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1126","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1126","heading":"Shareholder's derivative action - Allegation of stock","body":"ownership - Award of costs and attorney fees.\n\nSHAREHOLDER'S DERIVATIVE ACTION; ALLEGATION OF STOCK OWNERSHIP\n\nA. In any derivative suit instituted by a shareholder of a\n\ncorporation, it shall be averred in the petition that the plaintiff\n\nwas a shareholder of the corporation at the time of the transaction\n\nof which the plaintiff complains or that the plaintiff's stock\n\nthereafter devolved upon him or her by operation of law.\n\nB. If a derivative action confers a substantial benefit upon\n\nthe corporation as a result of a compromise or settlement of an\n\naction or claim, the court may award the plaintiff reasonable costs,\n\nincluding reasonable attorney fees, and shall direct the plaintiff\n\nto remit to the corporation the remainder of all proceeds received.\n\nC. In any derivative action instituted by a shareholder of a\n\ndomestic or foreign corporation, the court having jurisdiction, upon\n\nfinal judgment, shall require the nonprevailing party or parties to\n\npay the prevailing party or parties the reasonable expenses,\n\nincluding attorney fees, taxable as costs, incurred as a result of\n\nsuch action.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"10c8f616f0851b00f5fd0e9ad8875f04cea81fc2d150133baa62a8a099eb6169","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1125","next":"us-ok/okla.-stat.-tit.-18-18-1127"},"notice":"GroundRules: Original legal text. Not legal advice."}