Okla. Stat. tit. 68 § 2385.29

Current through Laws 2024, c. 378.
Section 2385.29 - Pass-through entities - Definitions

As used in Sections 23 through 25 of this act:

1. "Member" means any person who is a shareholder of an S Corporation, a partner in a general partnership, a limited partnership, or limited liability partnership, a member of a limited liability company, or a beneficiary of a trust;
2. "Nonresident" means an individual who is not a resident of or domiciled in this state, a business entity that does not have its commercial domicile in this state, or a trust not organized in this state; and
3. "Pass-through entity" means a corporation that for the applicable tax years is treated as an S Corporation under the Internal Revenue Code, general partnership, limited partnership, limited liability partnership, trust, or limited liability company that for the applicable tax year is not taxed as a corporation for federal income tax purposes.

Okla. Stat. tit. 68, § 2385.29

Added by Laws 2003 , HB 1356, c. 472, § 23, emerg. eff. 7/1/2003.