Okla. Stat. tit. 18, § 18-2021
This is the official text of Okla. Stat. tit. 18, § 18-2021, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Records required to be kept - Member access to
Official statutory text
information - Managers may inspect and copy records.
A. Unless otherwise provided in a written operating agreement,
a limited liability company shall keep at its principal place of
business the following:
1. A current and a past list of the full name and last-known
mailing address of each member and manager;
2. Copies of records that would enable a member to determine
the relative voting rights of the members;
3. A copy of the articles of organization, together with any
amendments thereto;
4. Copies of the limited liability company's federal, state and
local income tax returns and financial statements, if any, for the
three most recent years or, if such returns and statements were not
prepared for any reason, copies of the information and statements
provided to, or which should have been provided to, the members to
enable them to prepare their federal state and local tax returns for
such period;
5. Copies of any effective written operating agreements and all
amendments thereto and copies of any written operating agreements no
longer in effect; and
6. Unless provided in writing in an operating agreement, a
writing setting out:
a. the amount of cash and a statement of the agreed value
of other property or services contributed by each
member and the times at which or events upon the
happening of which any additional contributions agreed
to be made by each member are to be made, and
b. the events upon the happening of which the limited
liability company is to be dissolved and its affairs
wound up, and
Oklahoma Statutes - Title 18. Corporations Page 557
c. any other information prepared pursuant to a
requirement in an operating agreement.
B. A member, for any purpose reasonably related to the member's
interest, may:
1. At the member's own expense, inspect and copy any limited
liability company record upon reasonable request during ordinary
business hours;
2. Obtain from time to time upon reasonable demand:
a. true and complete information regarding the state of
the business and financial condition of the limited
liability company,
b. promptly after becoming available, a copy of the
limited liability company's state and local income tax
returns for each year, and
c. other information regarding the affairs of the limited
liability company as is just and reasonable; and
3. Have a formal accounting of the limited liability company's
affairs whenever circumstances render it just and reasonable.
C. A manager, for any purpose reasonably related to his
position, may inspect and copy any limited liability company records
upon reasonable request during ordinary business hours.
D. Failure of the limited liability company to keep or maintain
any of the records or information required pursuant to this section
shall not be grounds for imposing liability on any person for the
debts and obligations of the limited liability company.
A. Unless otherwise provided in a written operating agreement,
a limited liability company shall keep at its principal place of
business the following:
1. A current and a past list of the full name and last-known
mailing address of each member and manager;
2. Copies of records that would enable a member to determine
the relative voting rights of the members;
3. A copy of the articles of organization, together with any
amendments thereto;
4. Copies of the limited liability company's federal, state and
local income tax returns and financial statements, if any, for the
three most recent years or, if such returns and statements were not
prepared for any reason, copies of the information and statements
provided to, or which should have been provided to, the members to
enable them to prepare their federal state and local tax returns for
such period;
5. Copies of any effective written operating agreements and all
amendments thereto and copies of any written operating agreements no
longer in effect; and
6. Unless provided in writing in an operating agreement, a
writing setting out:
a. the amount of cash and a statement of the agreed value
of other property or services contributed by each
member and the times at which or events upon the
happening of which any additional contributions agreed
to be made by each member are to be made, and
b. the events upon the happening of which the limited
liability company is to be dissolved and its affairs
wound up, and
Oklahoma Statutes - Title 18. Corporations Page 557
c. any other information prepared pursuant to a
requirement in an operating agreement.
B. A member, for any purpose reasonably related to the member's
interest, may:
1. At the member's own expense, inspect and copy any limited
liability company record upon reasonable request during ordinary
business hours;
2. Obtain from time to time upon reasonable demand:
a. true and complete information regarding the state of
the business and financial condition of the limited
liability company,
b. promptly after becoming available, a copy of the
limited liability company's state and local income tax
returns for each year, and
c. other information regarding the affairs of the limited
liability company as is just and reasonable; and
3. Have a formal accounting of the limited liability company's
affairs whenever circumstances render it just and reasonable.
C. A manager, for any purpose reasonably related to his
position, may inspect and copy any limited liability company records
upon reasonable request during ordinary business hours.
D. Failure of the limited liability company to keep or maintain
any of the records or information required pursuant to this section
shall not be grounds for imposing liability on any person for the
debts and obligations of the limited liability company.
Status: in_force · Read it on the official government site
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