Okla. Stat. tit. 18, § 18-2034
This is the official text of Okla. Stat. tit. 18, § 18-2034, 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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Judgment creditor - Rights - Exclusive remedy
Official statutory text
JUDGMENT CREDITOR; RIGHTS; EXCLUSIVE REMEDY
On application to a court of competent jurisdiction by any
judgment creditor of a member, the court may charge the capital
interest of the member with payment of the unsatisfied amount of the
judgment with interest. To the extent so charged, the judgment
creditor has only the rights of an assignee of the capital interest.
A charging order entered by a court pursuant to this section shall
in no event be convertible into a membership interest through
foreclosure or other action. The Oklahoma Limited Liability Company
Act does not deprive any member of the benefit of any exemption laws
applicable to his or her membership or capital interest. This
section shall be the sole and exclusive remedy of a judgment
creditor with respect to the judgment debtor's membership and
capital interest, whether the limited liability company has one
member or more than one member.
Oklahoma Statutes - Title 18. Corporations Page 563
On application to a court of competent jurisdiction by any
judgment creditor of a member, the court may charge the capital
interest of the member with payment of the unsatisfied amount of the
judgment with interest. To the extent so charged, the judgment
creditor has only the rights of an assignee of the capital interest.
A charging order entered by a court pursuant to this section shall
in no event be convertible into a membership interest through
foreclosure or other action. The Oklahoma Limited Liability Company
Act does not deprive any member of the benefit of any exemption laws
applicable to his or her membership or capital interest. This
section shall be the sole and exclusive remedy of a judgment
creditor with respect to the judgment debtor's membership and
capital interest, whether the limited liability company has one
member or more than one member.
Oklahoma Statutes - Title 18. Corporations Page 563
Status: in_force · Read it on the official government site
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