{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-2063","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-2063","heading":"Duties of members or managers","body":"\n\nDUTIES OF MEMBERS OR MANAGERS.\n\nA. The members or managers or other persons with authority to\n\nmanage or direct the business and affairs of a public benefit\n\nlimited liability company shall manage or direct the business and\n\naffairs of the public benefit limited liability company in a manner\n\nthat balances the pecuniary interests of the members, the best\n\ninterests of those materially affected by the limited liability\n\ncompany's conduct, and the specific public benefit or public\n\nbenefits set forth in its articles of organization. Unless\n\notherwise provided in an operating agreement, no member, manager or\n\nother person with authority to manage or direct the business and\n\naffairs of the public benefit limited liability company shall have\n\nany liability for monetary damages for the failure to manage or\n\ndirect the business and affairs of the public benefit limited\n\nliability company as provided in this subsection.\n\nB. A member or manager of a public benefit limited liability\n\ncompany or any other person with authority to manage or direct the\n\nbusiness and affairs of the public benefit limited liability company\n\nshall not, by virtue of the public benefit provisions or subsection\n\nB of Section 23 of this act, have any duty to any person on account\n\nof any interest of such person in the public benefit or public\n\nbenefits set forth in its articles of organization or operating\n\nagreement or on account of any interest materially affected by the\n\nlimited liability company's conduct and, with respect to a decision\n\nimplicating the balance requirement in subsection A of this section,\n\nwill be deemed to satisfy such person's fiduciary duties to members\n\nand the limited liability company if such person's decision is both\n\ninformed and disinterested and not such that no person of ordinary,\n\nsound judgment would approve.","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":"0784adfadd2a2d9da2740df0553c410331856c52f0dc5e77e6da28d51fbb5d8f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-2062","next":"us-ok/okla.-stat.-tit.-18-18-2064"},"notice":"GroundRules: Original legal text. Not legal advice."}