Okla. Stat. tit. 18 § 2031

Current through Laws 2024, c. 378.
Section 2031 - Wrongful distribution - Liability of member - Action for 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.

Okla. Stat. tit. 18, § 2031

Added by Laws 1992, SB 456, c. 148, § 32, eff. 9/1/1992; Amended by Laws 1993, SB 527, c. 366, § 16, eff. 9/1/1993.