Okla. Stat. tit. 18, § 18-2031
This is the official text of Okla. Stat. tit. 18, § 18-2031, 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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Wrongful distribution - Liability of member - Action for
Official statutory text
recovery.
If a member has received a distribution in violation of the
operating agreement or Section 2030 of this title, the member shall
be liable to the limited liability company for the amount of the
distribution wrongfully made. An action for the recovery of any
wrongful distribution to a member must be brought within three (3)
years from the date of the distribution.
If a member has received a distribution in violation of the
operating agreement or Section 2030 of this title, the member shall
be liable to the limited liability company for the amount of the
distribution wrongfully made. An action for the recovery of any
wrongful distribution to a member must be brought within three (3)
years from the date of the distribution.
Status: in_force · Read it on the official government site
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