§ 2017. Member or manager--Limitation or elimination of liability--Indemnification--Creation of...
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 2017
§ 2017. Member or manager--Limitation or elimination of liability--Indemnification--Creation of series or groups
MEMBER OR MANAGER - LIMITATION OR ELIMINATION OF LIABILITY - INDEMNIFICATION - CREATION OF SERIES OR GROUPS
D. An operating agreement may provide for classes or groups of members or managers or both having such relative rights, powers and duties as the operating agreement may provide, and may provide for the creation in the manner provided in the operating agreement of additional classes or groups of members or managers or both having such relative rights, powers and duties as may from time to time be established, including rights, powers and duties senior to existing classes and groups of members or managers. An operating agreement may provide for the taking of an action, including the amendment of the operating agreement, without the vote or approval of any member or manager or class or group of members or managers, including an action to create under the operating agreement a class or group of membership interests that was not previously outstanding. An operating agreement may provide that any member or class or group of members shall have no voting rights.
Credits
Laws 1992, c. 148, § 18, eff. Sept. 1, 1992; Laws 1993, c. 366, § 9, eff. Sept. 1, 1993; Laws 2001, c. 405, § 33, eff. Nov. 1, 2001; Laws 2004, c. 255, § 40, eff. Nov. 1, 2004.
18 Okl. St. Ann. § 2017, OK ST T. 18 § 2017
Current with legislation of the First Regular Session of the 59th Legislature (2023) and the First Extraordinary Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
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