{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-2062","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-2062","heading":"Certain amendments and mergers; Votes required","body":"CERTAIN AMENDMENTS AND MERGERS; VOTES REQUIRED.\n\nA. Upon the approval of members or other holders who own at\n\nleast two-thirds (2/3) of the then outstanding equity interests\n\nentitled to vote:\n\n1. An existing domestic limited liability company including a\n\nprofessional limited liability company, may become a public benefit\n\nlimited liability company by amending its articles of organization\n\nto conform to the public benefit provisions of subsection B of\n\nSection 20 of this act; or\n\n2. A domestic entity that is not a public benefit limited\n\nliability company may become a public benefit limited liability\n\ncompany through a merger, consolidation, exchange or conversion in\n\nwhich the surviving or resulting entity is a public benefit limited\n\nliability company whose articles of organization conform to the\n\npublic benefit provisions of subsection B of Section 23 of this act.\n\nB. \"Domestic entity\" is a limited liability company,\n\ncorporation, partnership whether general or limited, and including a\n\nlimited liability partnership and a limited liability limited\n\npartnership, an entity subject to the Professional Entity Act, or\n\nany unincorporated nonprofit or for-profit association, trust or\n\nenterprise having members or having outstanding shares of stock or\n\nother evidences of financial, beneficial or membership interest\n\ntherein, whether formed by agreement or under statutory authority or\n\notherwise, formed under the laws of this jurisdiction.\n\nC. A public benefit limited liability company may not, without\n\nthe approval of members who own at least two-thirds (2/3) of the\n\nthen outstanding membership interests of the limited liability\n\ncompany entitled to vote:\n\n1. Amend its articles of organization to delete, add or amend a\n\nprovision required by subsection B of Section 23 of this act;\n\n2. Merge or consolidate with or exchange or convert into\n\nanother entity if, as a result of such merger, consolidation,\n\nexchange or conversion, the membership interests in such limited\n\nliability company would become, or be converted into or exchanged\n\nfor the right to receive, membership interests or other equity\n\ninterests in a domestic or foreign limited liability company or\n\nother entity that is not a public benefit limited liability company\n\nor similar entity, the articles of organization or operating\n\nagreement, or similar governing document, of which does not contain\n\nprovisions identifying a public benefit or public benefits\n\ncomparable in all material respects to those set forth in the\n\narticles of organization of such limited liability company as\n\ncontemplated by subsection B of Section 23 of this act; or\n\n3. Cease to be a public benefit limited liability company under\n\nthe provisions of this act.","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":"7fffb19d3967a8e294571606d0a22861f05cc4fd2680b659ae419817bc31302f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-2061","next":"us-ok/okla.-stat.-tit.-18-18-2063"},"notice":"GroundRules: Original legal text. Not legal advice."}