Okla. Stat. tit. 54, § 54-500-1005A

This is the official text of Okla. Stat. tit. 54, § 54-500-1005A, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.

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Proceeds and expenses

Official statutory text

PROCEEDS AND EXPENSES.

(a) Except as otherwise provided in subsection (b) of this

section:

(1) any proceeds or other benefits of a derivative action,

whether by judgment, compromise, or settlement, belong to the

limited partnership and not to the derivative plaintiff;

(2) if the derivative plaintiff receives any proceeds, the

derivative plaintiff shall immediately remit them to the limited

partnership.

(b) If a derivative action is successful in whole or in part,

the court may award the plaintiff reasonable expenses, including

reasonable attorney fees, from the recovery of the limited

partnership.

Status: in_force · Read it on the official government site

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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.