Okla. Stat. tit. 18, § 18-2053
This is the official text of Okla. Stat. tit. 18, § 18-2053, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Derivative action - Expenses - Disposition of proceeds
Official statutory text
A. If a derivative action is successful, in whole or in part,
or if anything is received by the plaintiff as a result of a
judgment, compromise or settlement of an action or claim, the court
may award the plaintiff reasonable expenses, including reasonable
attorneys' fees, and shall direct him to remit to the limited
liability company the remainder of those proceeds received by him.
B. In any action hereafter instituted in the right of any
domestic or foreign limited liability company by a member or members
thereof, the court having jurisdiction, upon final judgment and a
finding that the action was brought without reasonable cause, may
require the plaintiff or plaintiffs to pay to the parties named as
defendants the reasonable expenses, including attorneys' fees,
incurred by them in the defense of such action.
or if anything is received by the plaintiff as a result of a
judgment, compromise or settlement of an action or claim, the court
may award the plaintiff reasonable expenses, including reasonable
attorneys' fees, and shall direct him to remit to the limited
liability company the remainder of those proceeds received by him.
B. In any action hereafter instituted in the right of any
domestic or foreign limited liability company by a member or members
thereof, the court having jurisdiction, upon final judgment and a
finding that the action was brought without reasonable cause, may
require the plaintiff or plaintiffs to pay to the parties named as
defendants the reasonable expenses, including attorneys' fees,
incurred by them in the defense of such action.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.