§ 2012.2. Operating agreement of LLC
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 2012.2
§ 2012.2. Operating agreement of LLC
OPERATING AGREEMENT OF LLC
If the operating agreement does not otherwise provide, the Oklahoma Limited Liability Company Act governs the matter. The operating agreement may not vary the rights, privileges, duties and obligations imposed specifically under the Oklahoma Limited Liability Company Act.
B. A limited liability company is bound by its operating agreement regardless of whether it executes the operating agreement. A member or manager of a limited liability company or an assignee of a capital interest is bound by the operating agreement regardless of whether the member, manager or assignee executes the operating agreement.
D. The obligations of a limited liability company and its members to an assignee or dissociated member are governed by the operating agreement. Subject only to any court order to effectuate a charging order, an amendment to the operating agreement made after a person becomes an assignee or dissociated member is effective with regard to any debt, obligation, or other liability of the limited liability company or its members to the assignee or dissociated member.
Credits
Laws 2008, c. 253, § 24, eff. Jan. 1, 2010; Laws 2017, c. 323, § 39, eff. Nov. 1, 2017.
18 Okl. St. Ann. § 2012.2, OK ST T. 18 § 2012.2
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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