Okla. Stat. tit. 18, § 18-865
This is the official text of Okla. Stat. tit. 18, § 18-865, 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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Liability of directors - Findings of Legislature
Official statutory text
The Legislature finds that nonprofit corporations serve
important functions in providing services and assistance to persons
in the state and that in order for these nonprofit corporations to
function effectively, persons serving on the board of directors
should not be subject to vicarious liability for the negligence of
corporate employees or other directors. The Legislature finds that
potential exposure to vicarious liability has a detrimental effect
on the participation of persons as directors of nonprofit
corporations and that providing immunity to directors of such
corporations for certain types of liability will promote the general
health, safety and welfare of citizens in the state.
important functions in providing services and assistance to persons
in the state and that in order for these nonprofit corporations to
function effectively, persons serving on the board of directors
should not be subject to vicarious liability for the negligence of
corporate employees or other directors. The Legislature finds that
potential exposure to vicarious liability has a detrimental effect
on the participation of persons as directors of nonprofit
corporations and that providing immunity to directors of such
corporations for certain types of liability will promote the general
health, safety and welfare of citizens in the state.
Status: in_force · Read it on the official government site
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