Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB1085 Compare Versions

Version 1 (Old)

Version 2 (New)

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29		-	SENATE FLOOR VERSION
30		-	March 4, 2025
	28	+	STATE OF OKLAHOMA
31	29
	30	+	1st Session of the 60th Legislature (2025)
32	31
33	32		COMMITTEE SUBSTITUTE
34	33		FOR
35		-	SENATE BILL ~~NO.~~ 1085 By: Howard
	34	+	SENATE BILL 1085 By: Howard
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	39	+
	40	+	COMMITTEE SUBSTITUTE
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41	42		An Act relating to unincorporated nonprofit
42	43		associations; creating the Uniform Unincorporated
43	44		Nonprofit Association Act; providing short title;
44	45		defining terms; clarifying applicability of act;
45	46		clarifying laws applicable to certain associations;
46	47		establishing characteristics and powers of
47	48		unincorporated nonprofit associations; providing for
48	49		ownership and transfer of property; defining term;
49	50		establishing authority for interests in real
50	51		property; establishing liabi lity of certain
51	52		associations; authorizing assertion and defense of
52	53		claims by certain associations; clarifying effect of
53	54		certain judgment or order; prov iding requirements for
54	55		service of process; prohibiting abatement of certain
55	56		proceedings upon change in membership; establishing
56	57		proper venue for certain actions; prohibiting certain
57	58		agency; requiring membership approval for certain
58	59		actions; establishin g voting requirements;
59	60		authorizing governing principles to establish certain
60	61		meeting requirements; clarifying duties of members;
61	62		establishing requirements for admission, suspension,
62	63		dismissal, or expulsion of members; providing for
63	64		resignation of members; proh ibiting transfer of
64	65		membership interest; establishing requirements for
65	66		selection of managers; clarifying rights of managers;
66	67		establishing duties of managers; establishing
67	68		procedural requirements for manager meetings;
68	69		establishing requirements for membe r or manager
69	70		access to certain information; prohibiting certain
70	71		distributions; authorizing certain compensati on,
71	72		reimbursement, or benefits; authorizing distributions
72	73		under certain circumstances; requiring reimbursement
73	74		of certain expenses; authorizing certain
74		-	indemnification; authorizing advance payment or
75		-	reimbursement under certain circumstances;
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	101	+	indemnification; authorizing advance payment or
	102	+	reimbursement under certain circumstances;
103	103		authorizing purchase of insurance for specified
104	104		purposes; establishing procedures for dissolution of
105	105		certain associations; establishing procedures for
106	106		winding up and termination of certain associations;
107	107		establishing procedures for designation of registered
108	108		agent; providing for transfers of certain property;
109	109		defining terms; authorizing certain mergers;
110	110		establishing requirements for certain mergers;
111	111		clarifying when certain mergers become effective;
112	112		prohibiting diversion of certain property by merging
113	113		entity; construing provisions; clarifying application
114	114		of Electronic Signatures in Global and National
115	115		Commerce Act; clarifying applicability to certain
116	116		actions; providing for codification; and providing an
117	117		effective date.
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123	123		BE IT ENACTED BY THE PEOPLE OF THE STATE O F OKLAHOMA:
124	124		SECTION 1. NEW LAW A new section of law to be codified
125	125		in the Oklahoma Statutes as Section 2101 of Title 18, unless there
126	126		is created a duplication in numbering, reads as follows:
127	127		This act shall be known and may be cited as the “Uniform
128	128		Unincorporated Nonprofit Association Act ”.
129	129		SECTION 2. NEW LAW A new section of law to be codified
130	130		in the Oklahoma Statutes as Section 2102 of Title 18, unless there
131	131		is created a duplication in numbering, reads as fol lows:
132	132		As used in this act:
133	133		1. “Established practices ” means the practices used by an
134	134		unincorporated nonprofit association without material change duri ng
135		-	the most recent five (5) years of its existence, or if it has
136		-	existed for less than five (5) years, during its entire existence ;
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	161	+	the most recent five (5) years of its existence, or if it has
	162	+	existed for less than five (5) years, during its entire existence ;
164	163		2. “Governing principles ” means the agreements, whether oral,
165	164		in a record, or implied from established practices, or in any
166	165		combination thereof, that govern the purpose or operation of an
167	166		unincorporated nonprofit association and the rights and obligations
168	167		of its members and managers. The term includes any amendment or
169	168		restatement of the agreements constituting the governing p rinciples;
170	169		3. “Manager” means a person that is responsible, alone or in
171	170		concert with others, for the management of an unincorporated
172	171		nonprofit association ;
173	172		4. “Member” means a person that, under the governing
174	173		principles, may participate in the select ion of persons authorized
175	174		to manage the affairs of the unincorporated nonprofit association or
176	175		in the development of the policies and activities of the
177	176		association;
178	177		5. “Person” means an individual, estate, business or nonprofit
179	178		entity, government or governmen tal subdivision, agency,
180	179		instrumentality, or other legal entity. The term includes a
181	180		protected series;
182	181		6. “Protected series” means a series, protected series,
183	182		protected cell, segregated account, or similar part of an entity ’s
184	183		structure, however the p art is denominated, established under law
185	184		that limits, or limits if conditions specified under law are
186		-	satisfied, the liability of the part to a creditor of the entity or
187		-	another part of the structure ;
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	211	+	satisfied, the liability of the part to a creditor of the entity or
	212	+	another part of the structure ;
215	213		7. “Property” means all property, whether real, personal, or
216	214		mixed or tangible or intangible, or any right or interest therein ;
217	215		8. “Record”, used as a noun, means information that is
218	216		inscribed on a tangible medium or that is stored in an electronic or
219	217		other medium and is retrievable in perceivable form ;
220	218		9. “Sign” means, with present intent to authenticate or adopt a
221	219		record:
222	220		a. to execute or adopt a tangible symbo l, or
223	221		b. to attach to or logically associate with the record an
224	222		electronic symbol, sound, or process ;
225	223		10. “State” means a state of the United States, the District of
226	224		Columbia, Puerto Rico, the United States Virgin Islands, or any
227	225		territory or insular possession subject to the jurisdiction of the
228	226		United States;
229	227		11. “Transfer” includes:
230	228		a. an assignment,
231	229		b. a conveyance,
232	230		c. a sale,
233	231		d. a lease,
234	232		e. an encumbrance, including a mortgage or security
235	233		interest,
236	234		f. a gift, and
237		-	g. a transfer by operation of law ; and
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	261	+	g. a transfer by operation of law ; and
265	262		12. “Unincorporated nonprofit association ” means an
266	263		unincorporated organization consisting of two or more members joined
267	264		under an agreement that is o ral, in a record, or implied from
268	265		conduct, for one or more common, nonprofit purposes. The term does
269	266		not include:
270	267		a. a trust,
271	268		b. a marriage, domestic partnership, common law domestic
272	269		relationship, civil union, or other domestic living
273	270		arrangement,
274	271		c. an organization formed under any other statute that
275	272		governs the organization and operation of
276	273		unincorporated associations,
277	274		d. a joint tenancy, tenancy in common, or tenancy by the
278	275		entirety even if the co-owners share use of the
279	276		property for a nonprofit purpose , or
280	277		e. a relationship under an agreement in a record that
281	278		expressly provides that the relationship between the
282	279		parties does not create an unincorporated nonprofit
283	280		association.
284	281		SECTION 3. NEW LAW A new section of law to be codif ied
285	282		in the Oklahoma Statutes as Section 2103 of Title 18, unless there
286	283		is created a duplication in numbering, reads as follows:
287	284
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314	310		A. A statute governing a specific type of unincorporated
315	311		nonprofit association prevails over an inconsistent provision in
316	312		this act, to the extent of the inconsistency.
317	313		B. This act supplements the law of this state that applies to
318	314		nonprofit associations operating in this state. If a conflict
319	315		exists, that law applies.
320	316		C. Unless displaced by particular provisions of this act, the
321	317		principles of law and equity supplement this act.
322	318		SECTION 4. NEW LAW A new section of law to be codified
323	319		in the Oklahoma Statutes as Section 2104 of Title 18, unless there
324	320		is created a duplication in numbering, reads as follows:
325	321		A. Except as otherwise provided in subsection B of this
326	322		section, the law of this state governs the operation in this state
327	323		of an unincorporated nonprofit association formed or operating in
328	324		this state.
329	325		B. Unless the governing principles specify a different
330	326		jurisdiction, the law of the jurisdiction in which an unincorporated
331	327		nonprofit association has its main place of activities governs the
332	328		internal affairs of the association.
333	329		SECTION 5. NEW LAW A new section of law to be codified
334	330		in the Oklahoma Statutes as Section 2105 of Title 18, unless there
335	331		is created a duplication in numbering, reads as follows:
336	332		A. An unincorporated nonprofit association is an entity
337	333		distinct from its members and managers.
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365	360		B. An unincorporated nonprofit associat ion has perpetual
366	361		duration unless the governing principles specify otherwise.
367	362		C. An unincorporated nonprofit association has the same powers
368	363		as an individual to do all things necessary or convenient to carry
369	364		on its purposes.
370	365		D. An unincorporated nonprofit as sociation may engage in
371	366		profit-making activities but profits from any activities shall be
372	367		used or set aside for the association ’s nonprofit purposes.
373	368		SECTION 6. NEW LAW A new section of law to be codified
374	369		in the Oklahoma Statute s as Section 2106 of Title 18, unless there
375	370		is created a duplication in numbering, reads as follows:
376	371		A. An unincorporated nonprofit association may acquire, hold,
377	372		or transfer in its name an interest in property.
378	373		B. An unincorporated nonprofit association may be a beneficiary
379	374		of a trust or contract, a legatee, or a devisee.
380	375		SECTION 7. NEW LAW A new section of law to be codified
381	376		in the Oklahoma Statutes as Section 2107 of Title 18, unless there
382	377		is created a duplication in numbering, reads as follows:
383	378		A. As used in this section, “statement of authority ” means a
384	379		statement authorizing a perso n to transfer an interest in real
385	380		property held in the name of an unincorporated nonprofit
386	381		association.
387	382		B. An interest in real property held in the na me of an
388	383		unincorporated nonprofit association may be transferred by a person
389	384
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416	410		authorized to do so in a statement of authority filed by the
417	411		association in the office in the county in which a transfer of the
418	412		property would be filed.
419	413		C. A statement of authority shall state:
420	414		1. The name of the unincorporated nonprofit association;
421	415		2. The address in this state, including the street address, if
422	416		any, of the association or, if the association does not have an
423	417		address in this state, its out -of-state address;
424	418		3. That the association is an unincorporated nonprofit
425	419		association; and
426	420		4. The name, title, or position of a person authorized to
427	421		transfer an interest in real property held in the name of the
428	422		association.
429	423		D. A statement of authority shall be executed in the same
430	424		manner as an affidavit by a person other than the person authorized
431	425		in the statement to transfer the interest.
432	426		E. A filing officer may collect a fee for filing a statement of
433	427		authority in the amount authorized for filing a transfer of real
434	428		property.
435	429		F. A record amending, revoking, or canceling a statement of
436	430		authority or stating that the statement is unauthorized or erroneous
437	431		shall meet the requirements for executing and filing an original
438	432		statement.
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466	459		G. Unless canceled earlier, a file d statement of authority and
467	460		its most recent amendment expire five (5) years after the date of
468	461		the most recent filing.
469	462		H. If the record title to real property is in the name of an
470	463		unincorporated nonprofit association and the statement of authority
471	464		is filed in the office of the county in which a transfer of the
472	465		property would be filed, the authority of the person named under
473	466		paragraph 4 of subsection C of this section is conclusive in favor
474	467		of a person that gives value without notice that the person lacks
475	468		authority.
476	469		SECTION 8. NEW LAW A new section of law to be codified
477	470		in the Oklahoma Statutes as Sec tion 2108 of Title 18, unless there
478	471		is created a duplication in numbering, reads as follows:
479	472		A. A debt, obligation, or other liability of an unincorpo rated
480	473		nonprofit association is solely the debt, obligation, or other
481	474		liability of the association. A member or manager is not personally
482	475		liable, directly or indirectly, by way of contribution or otherwise
483	476		for a debt, obligation, or other liability of the association solely
484	477		by reason of being or acting as a member or manager. Th e provisions
485	478		of this subsection shall apply regardless of the dissolution of the
486	479		association.
487	480		B. A person’s status as a member or manager does not prevent or
488	481		restrict law other tha n this act from imposing liability on the
489	482		person or the association because of the person ’s conduct.
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517	509		C. The failure of an unincorporated nonprofit association to
518	510		observe formalities relating to the exercise of its powers or
519	511		management of its activitie s and affairs shall not be a ground for
520	512		imposing liability on a member or manager of the association for a
521	513		debt, obligation, or other liability of the association.
522	514		SECTION 9. NEW LAW A new section of law to be codified
523	515		in the Oklahoma Statutes as Section 2109 of Title 18, unless there
524	516		is created a duplication in numbering, reads as follows:
525	517		A. An unincorporated nonprofit association may sue or be sued
526	518		in its own name.
527	519		B. A member or manager may assert a claim the member or manager
528	520		has against the unincorporated nonprofit association. An
529	521		association may assert a claim it has against a mem ber or manager.
530	522		SECTION 10. NEW LAW A new section of law to be codified
531	523		in the Oklahoma Statutes as Section 2110 of Title 18, unless there
532	524		is created a duplication in numbering, reads as follows:
533	525		A judgment or order against an unincorporated nonprofit
534	526		association is not by itself a judgment or order against a member or
535	527		manager.
536	528		SECTION 11. NEW LAW A new s ection of law to be codified
537	529		in the Oklahoma Statutes as Section 2111 of Title 18, unless there
538	530		is created a duplication in numbering, reads as follows:
539	531		In an action or proceeding against an unincorporated nonprofit
540	532		association, process may be served on an age nt authorized by
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568	559		designation to receive service of process, on a manager of the
569	560		association, or in any other manner authorized by the law s of this
570	561		state.
571	562		SECTION 12. NEW LAW A new section of law to be codified
572	563		in the Oklahoma Statutes as Section 2112 of Title 18, unless there
573	564		is created a duplication in numbering, reads as follows:
574	565		An action or proceeding against an unincorporated nonprofit
575	566		association does not abate merely because of a change in its members
576	567		or managers.
577	568		SECTION 13. NEW LAW A new section of law to be codified
578	569		in the Oklahoma Statutes as Section 2113 of Title 18, unless there
579	570		is created a duplication in numbering, reads as follows:
580	571		Unless otherwise provided by law other than this act, venue of
581	572		an action against an unincorporated nonprofit association brought in
582	573		this state is determined under the stat utes applicable to an action
583	574		brought in this state against a nonprofit corporation.
584	575		SECTION 14. NEW LAW A new section of law to be codified
585	576		in the Oklahoma Statutes as Section 2114 of Title 18, unless there
586	577		is created a duplication in numbering, reads as follows:
587	578		A member is not an agent of the association solely because of
588	579		being a member.
589	580		SECTION 15. NEW LAW A new section of law to be codified
590	581		in the Oklahoma Statutes as Section 2115 of Title 18, unless there
591	582		is created a duplication in numbering, reads as follows:
592	583
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606	596		13
607	597		14
608	598		15
609	599		16
610	600		17
611	601		18
612	602		19
613	603		20
614	604		21
615	605		22
616	606		23
617	607		24
618	608
619	609		A. Except as provided in the governing principles, an
620	610		unincorporated nonprofit association shall have the approval of its
621	611		members to:
622	612		1. Admit, suspend, dismiss, or expel a member;
623	613		2. Select or dismiss a manager;
624	614		3. Adopt, amend, or repeal the governing principles;
625	615		4. Sell, lease, exchange, or otherwise dispose of all, or
626	616		substantially all, of the association’s property, with or without
627	617		the association’s goodwill, outside the ordinary course of it s
628	618		activities;
629	619		5. Dissolve under paragraph 2 of subsection A of Section 27 of
630	620		this act or merge under Section 31 of this act;
631	621		6. Undertake any other a ct outside the ordinary course of the
632	622		association’s activities; or
633	623		7. Determine the policy and purposes of the association.
634	624		B. An unincorporated nonprofit association shall have the
635	625		approval of the members to do any other act or exercise a right that
636	626		the governing principles require to be approved by members.
637	627		SECTION 16. NEW LAW A new section of law to be codified
638	628		in the Oklahoma Statutes as Section 2116 of Title 18, unless there
639	629		is created a duplication in numbering, reads as follo ws:
640	630		A. Unless the governing principles provide otherwise:
641	631
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644	633		2
645	634		3
646	635		4
647	636		5
648	637		6
649	638		7
650	639		8
651	640		9
652	641		10
653	642		11
654	643		12
655	644		13
656	645		14
657	646		15
658	647		16
659	648		17
660	649		18
661	650		19
662	651		20
663	652		21
664	653		22
665	654		23
666	655		24
667	656
668	657		1. Approval of a matter by the members requires the affirmative
669	658		vote of at least a majority of the votes cast at a meeting of
670	659		members; and
671	660		2. Each member is entitled to one vote on each matte r that is
672	661		submitted for approval by the members.
673	662		B. The governing principles may provide for the:
674	663		1. Calling, location, and timing of member meetings;
675	664		2. Notice and quorum requirements for member meetings;
676	665		3. Conduct of member meetings;
677	666		4. Taking of action by the members by consent without a meeting
678	667		or casting ballots; and
679	668		5. Participation by members in a member meeting by telephone or
680	669		other means of electronic communication.
681	670		C. If the governing principles do not provide for a matter
682	671		described in subsection B of this section, customary usages and
683	672		principles of parliamentary law and procedure apply.
684	673		SECTION 17. NEW LAW A new section of law to be codified
685	674		in the Oklahoma Statutes as Section 2117 of Title 18, unless there
686	675		is created a duplication in numbering, reads as follows:
687	676		A. A member does not have any fiduciary duty to an
688	677		unincorporated nonprofit association or to another member solely
689	678		because of being a member.
690	679		B. A member shall discharge the duties to the unincorporated
691	680		nonprofit association and the other members and exercise any rights
692	681
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695	683		2
696	684		3
697	685		4
698	686		5
699	687		6
700	688		7
701	689		8
702	690		9
703	691		10
704	692		11
705	693		12
706	694		13
707	695		14
708	696		15
709	697		16
710	698		17
711	699		18
712	700		19
713	701		20
714	702		21
715	703		22
716	704		23
717	705		24
718	706
719	707		under this act consistent with the governin g principles and the
720	708		contractual obligation of good faith and fair dealing.
721	709		SECTION 18. NEW LAW A new section of law to be codif ied
722	710		in the Oklahoma Statutes as Section 2118 of Title 18, unless there
723	711		is created a duplication in numbering, reads as follows:
724	712		A. A person becomes a member and may be suspended, dismissed,
725	713		or expelled in accordance with the governing principles of th e
726	714		unincorporated nonprofit association. If there are no applicable
727	715		governing principles, a person may become a member or be suspended,
728	716		dismissed, or expelled from an association only by a vote of its
729	717		members. A person shall not be admitted as a member withou t the
730	718		person’s consent.
731	719		B. Unless the governing principles provide otherwise, the
732	720		suspension, dismissal, or expulsion of a member does not relieve the
733	721		member from any unpaid capital contribution s, dues, assessments,
734	722		fees, or other obligation s incurred or commitment made by the member
735	723		before the suspension, dismissal, or expulsion.
736	724		SECTION 19. NEW LAW A new section of law to be codified
737	725		in the Oklahoma Statutes as Section 2119 of Title 18, unless there
738	726		is created a duplication in numb ering, reads as follows:
739	727		A. A member may resign as a member in accordance with the
740	728		governing principles. In the absence of applicable governing
741	729		principles, a member may resign at any time.
742	730
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745	732		2
746	733		3
747	734		4
748	735		5
749	736		6
750	737		7
751	738		8
752	739		9
753	740		10
754	741		11
755	742		12
756	743		13
757	744		14
758	745		15
759	746		16
760	747		17
761	748		18
762	749		19
763	750		20
764	751		21
765	752		22
766	753		23
767	754		24
768	755
769	756		B. Unless the governing principles provide otherwise,
770	757		resignation of a member does not relieve the member from any unpaid
771	758		capital contribution s, dues, assessments, fees, or other obligations
772	759		incurred or commitment made by the member before resignation.
773	760		SECTION 20. NEW LAW A new section of law to be codified
774	761		in the Oklahoma Statutes as Section 2120 of Title 18, unless there
775	762		is created a duplication in numbering, reads as follows:
776	763		Except as otherwise provided in the governing principles, a
777	764		member’s interest or any right under the governing princ iples shall
778	765		not be transferable.
779	766		SECTION 21. NEW LAW A new section of law to be codifi ed
780	767		in the Oklahoma Statutes as Section 2121 of Title 18, unless there
781	768		is created a duplication in numbering, reads as follows:
782	769		Except as otherwise prov ided in this act or the governing
783	770		principles:
784	771		1. Only the members may select a manager or managers;
785	772		2. A manager may be a member or a nonmember;
786	773		3. If a manager is not selected, all members are managers;
787	774		4. Each manager has equal rights in the mana gement and conduct
788	775		of the activities of the unincorporated nonprofit association;
789	776		5. All matters relating to the association’s activities are
790	777		decided by its managers except for matters reserved for approval by
791	778		members in Section 15 of this act; and
792	779
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795	781		2
796	782		3
797	783		4
798	784		5
799	785		6
800	786		7
801	787		8
802	788		9
803	789		10
804	790		11
805	791		12
806	792		13
807	793		14
808	794		15
809	795		16
810	796		17
811	797		18
812	798		19
813	799		20
814	800		21
815	801		22
816	802		23
817	803		24
818	804
819	805		6. A difference among managers shall be decided by a majority
820	806		of the managers.
821	807		SECTION 22. NEW LAW A new section of law to be codified
822	808		in the Oklahoma Statutes as Section 2122 of Title 18, unless there
823	809		is created a duplication in numberin g, reads as follows:
824	810		A. A manager owes to the unincorporated nonprofit association
825	811		and to its members the du ties of loyalty and care.
826	812		B. A manager shall manage the unincorporated nonprofit
827	813		association in good faith, in a manner the manager reasonably
828	814		believes to be in the best interests of the association, and with
829	815		such care, including reasonable inquiry, as a prudent person would
830	816		reasonably exercise in a similar position and under similar
831	817		circumstances. A manager may rely in good faith on any opinion,
832	818		report, statement, or other information provided by another person
833	819		that the manager reasonably believes is a c ompetent and reliable
834	820		source for the information.
835	821		C. After full disclosure of all material facts, a specific act
836	822		or transaction that would otherwise v iolate the fiduciary duty of
837	823		loyalty by a manager may be authorized or ratified by a majority of
838	824		the members that are not interested directly or indirectly in the
839	825		act or transaction.
840	826		D. A manager that makes a business judgment in good faith
841	827		satisfies the duties specified in subsection A of this section if
842	828		the manager:
843	829
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846	831		2
847	832		3
848	833		4
849	834		5
850	835		6
851	836		7
852	837		8
853	838		9
854	839		10
855	840		11
856	841		12
857	842		13
858	843		14
859	844		15
860	845		16
861	846		17
862	847		18
863	848		19
864	849		20
865	850		21
866	851		22
867	852		23
868	853		24
869	854
870	855		1. Is not interested, directly or indir ectly, in the subject of
871	856		the business judgment and is otherwise able to exercise independent
872	857		judgment;
873	858		2. Is informed with respect to the subject of t he business
874	859		judgment to the extent the manager reasonably believes to be
875	860		appropriate under the circumstances; and
876	861		3. Believes that the business judgment is in the best interests
877	862		of the unincorporated nonprofit association and in accordance with
878	863		its purposes.
879	864		E. The governing principles in a record may limit or eliminate
880	865		the liability of a manager to the uni ncorporated nonprofit
881	866		association or its members for damages for any action taken, or for
882	867		failure to take any action, as a manager, except liability fo r:
883	868		1. The amount of financial benefit improperly received by a
884	869		manager;
885	870		2. An intentional infliction of harm on the association or one
886	871		or more of its members;
887	872		3. An intentional violation of criminal law;
888	873		4. Breach of the fiduciary duty of loyalty; or
889	874		5. Improper distributions.
890	875		SECTION 23. NEW LAW A new section of law to be codified
891	876		in the Oklahoma Statutes as Section 2123 of Title 18, unless there
892	877		is created a duplication in numbering, reads as follows:
893	878		A. The governing principl es may provide for the:
894	879
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897	881		2
898	882		3
899	883		4
900	884		5
901	885		6
902	886		7
903	887		8
904	888		9
905	889		10
906	890		11
907	891		12
908	892		13
909	893		14
910	894		15
911	895		16
912	896		17
913	897		18
914	898		19
915	899		20
916	900		21
917	901		22
918	902		23
919	903		24
920	904
921	905		1. Calling, location, and timing of manager meetings;
922	906		2. Notice and quorum requirements for manager meetings;
923	907		3. Conduct of manager meetings;
924	908		4. Taking of action by the managers by consent without a
925	909		meeting; and
926	910		5. Participation by managers in a manager meeting by telephone
927	911		or other means of electronic communication.
928	912		B. If the governing principles do not provide for a matter
929	913		described in subsection A of this section, customary usages and
930	914		principles of parliamentary law and proc edure shall apply.
931	915		SECTION 24. NEW LAW A new section of law to be codified
932	916		in the Oklahoma Statutes as Section 2124 of Title 18, unless there
933	917		is created a duplication in numbering, reads as follows:
934	918		A. On reasonable notice, a me mber or manager of an
935	919		unincorporated nonprofit association may inspect and copy during the
936	920		association’s regular operating hours, at a reasonable location
937	921		specified by the association, any record maintained by the
938	922		association regarding its activities, financia l condition, and other
939	923		circumstances, to the extent the information is material to the
940	924		member’s or manager’s rights and duties under the governing
941	925		principles.
942	926		B. An unincorporated nonprofit association may impose
943	927		reasonable restrictions on access to a nd use of information to be
944	928		furnished under this section, including designating the information
945	929
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948	931		2
949	932		3
950	933		4
951	934		5
952	935		6
953	936		7
954	937		8
955	938		9
956	939		10
957	940		11
958	941		12
959	942		13
960	943		14
961	944		15
962	945		16
963	946		17
964	947		18
965	948		19
966	949		20
967	950		21
968	951		22
969	952		23
970	953		24
971	954
972	955		confidential and imposing obligations of nondisclosure and
973	956		safeguarding on the recipient.
974	957		C. An unincorporated nonprofit association may charge a person
975	958		who makes a demand under this section reasonable copying costs,
976	959		limited to the costs of labor and materials.
977	960		D. A former member or manager is entitled to information to
978	961		which the member or manager was entitled while a member or manager
979	962		if the information pertai ns to the period during which the person
980	963		was a member or manager, the former member or manager seeks the
981	964		information in good faith, and the former member or manager
982	965		satisfies the requirements of subsections A through C of this
983	966		section.
984	967		SECTION 25. NEW LAW A new section of law to be codified
985	968		in the Oklahoma Statutes as Section 2125 of Title 18, unless there
986	969		is created a duplication in numbering, reads as follows:
987	970		A. Except as provided in subsection B of this section, an
988	971		unincorporated nonprofit association shall not pay dividends or make
989	972		distributions to a member or manager.
990	973		B. An unincorporated nonprofit association may:
991	974		1. Pay reasonable compensation or reimburse reasonable expenses
992	975		to a member or manager for services rendered;
993	976		2. Confer benefits on a member or manager in conformity with
994	977		its nonprofit purposes;
995	978
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998	980		2
999	981		3
1000	982		4
1001	983		5
1002	984		6
1003	985		7
1004	986		8
1005	987		9
1006	988		10
1007	989		11
1008	990		12
1009	991		13
1010	992		14
1011	993		15
1012	994		16
1013	995		17
1014	996		18
1015	997		19
1016	998		20
1017	999		21
1018	1000		22
1019	1001		23
1020	1002		24
1021	1003
1022	1004		3. Repurchase a membership and repay a capital contribution
1023	1005		made by a member to the extent authorized by its governing
1024	1006		principles; or
1025	1007		4. Make distributions of property to members upon winding up
1026	1008		and termination to the extent permitted by Section 28 of this act.
1027	1009		SECTION 26. NEW LAW A new section of law to be codified
1028	1010		in the Oklahoma Statutes as Section 2126 of Title 18, unless there
1029	1011		is created a duplicatio n in numbering, reads as follows:
1030	1012		A. Except as provided in the governing principles, an
1031	1013		unincorporated nonprofit association shall reimburse a member or
1032	1014		manager for authorized expenses reasonably incurred in the course of
1033	1015		the member’s or manager’s activities on behalf of the association.
1034	1016		B. An unincorporated nonprofit association may indemnify a
1035	1017		member or manager for any debt, obligation, or other liability
1036	1018		incurred in the course of the member ’s or manager’s activities on
1037	1019		behalf of the association if the person seeking indemnification has
1038	1020		complied with Sections 17 and 22 of this act. Governing principles
1039	1021		in a record may broaden or limit indemnification.
1040	1022		C. If a person is made or threatened to be made a party in an
1041	1023		action or proceeding based on that p erson’s activities on behalf of
1042	1024		an unincorporated nonprofit association and the person makes a
1043	1025		request in a record to the association, a majority of the
1044	1026		disinterested managers may approve in a record advance payment, or
1045	1027		reimbursement, by the association, of al l or a part of the
1046	1028
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1049	1030		2
1050	1031		3
1051	1032		4
1052	1033		5
1053	1034		6
1054	1035		7
1055	1036		8
1056	1037		9
1057	1038		10
1058	1039		11
1059	1040		12
1060	1041		13
1061	1042		14
1062	1043		15
1063	1044		16
1064	1045		17
1065	1046		18
1066	1047		19
1067	1048		20
1068	1049		21
1069	1050		22
1070	1051		23
1071	1052		24
1072	1053
1073	1054		reasonable expenses, including attorney fees and costs, incurred by
1074	1055		the person before the final disposition of the proceeding. To be
1075	1056		entitled to an advance payment or reimbursement, the person shall
1076	1057		state in a record that the person has a good faith belief that the
1077	1058		criteria for indemnification in subsection B of this section have
1078	1059		been satisfied and that the person will repay the amounts advanced
1079	1060		or reimbursed if the criteria for payment have not been satisfied.
1080	1061		The governing principles in a record may broaden or limit the
1081	1062		advance payments or reimbursements.
1082	1063		D. An unincorporated nonprofit association may purchase and
1083	1064		maintain insurance on behalf of a member or manager against
1084	1065		liability asserted against or incurred by the member or ma nager in
1085	1066		that capacity or arising from that status, whether or not the
1086	1067		association has authority under this a ct to reimburse, indemnify, or
1087	1068		advance expenses to the member or manager against the liability.
1088	1069		E. The rights of reimbursement, indemnification, and
1089	1070		advancement of expenses under this section apply to a former member
1090	1071		or manager for an activity undertaken on behalf of the
1091	1072		unincorporated nonprofit association while a member or manager.
1092	1073		SECTION 27. NEW LAW A new section of law to be codified
1093	1074		in the Oklahoma Statutes as Section 2127 of Title 18, unless there
1094	1075		is created a duplication in n umbering, reads as follows:
1095	1076		A. An unincorporated nonprofit association may be dissolved as
1096	1077		follows:
1097	1078
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1100	1080		2
1101	1081		3
1102	1082		4
1103	1083		5
1104	1084		6
1105	1085		7
1106	1086		8
1107	1087		9
1108	1088		10
1109	1089		11
1110	1090		12
1111	1091		13
1112	1092		14
1113	1093		15
1114	1094		16
1115	1095		17
1116	1096		18
1117	1097		19
1118	1098		20
1119	1099		21
1120	1100		22
1121	1101		23
1122	1102		24
1123	1103
1124	1104		1. If the governing principles provide a time or method for
1125	1105		dissolution, at that time or by that method;
1126	1106		2. If the governing principles do not provide a time or method
1127	1107		for dissolution, upon approval by the members;
1128	1108		3. If no member can be located and the association ’s operations
1129	1109		have been discontinu ed for at least three (3) years, by the managers
1130	1110		or, if the association has no current manager, by its last m anager;
1131	1111		4. By court order; or
1132	1112		5. By law other than this act.
1133	1113		B. After dissolution, an unincorporated nonprofit association
1134	1114		continues in existence un til its activities have been wound up and
1135	1115		it is terminated pursuant to Section 28 of this act.
1136	1116		SECTION 28. NEW LAW A new section of law to be codified
1137	1117		in the Oklahoma Statutes as Section 2128 of Title 18, unless there
1138	1118		is created a duplication in numbering, reads as follows:
1139	1119		Winding up and termination of an unincorporated nonprofit
1140	1120		association shall proceed in accordance with the following rules:
1141	1121		1. All known debts and liabilities shall be paid or adequately
1142	1122		provided for;
1143	1123		2. Any property subject to a condition requiring return to the
1144	1124		person designated by the donor shall be transferred to that person ;
1145	1125		3. Any property subject to a trust shall be distributed in
1146	1126		accordance with the trust agreement ; and
1147	1127		4. Any remaining property shall be distributed as follows:
1148	1128
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1151	1130		2
1152	1131		3
1153	1132		4
1154	1133		5
1155	1134		6
1156	1135		7
1157	1136		8
1158	1137		9
1159	1138		10
1160	1139		11
1161	1140		12
1162	1141		13
1163	1142		14
1164	1143		15
1165	1144		16
1166	1145		17
1167	1146		18
1168	1147		19
1169	1148		20
1170	1149		21
1171	1150		22
1172	1151		23
1173	1152		24
1174	1153
1175	1154		a. as required by all applicable laws that require assets
1176	1155		of an association to b e distributed to another person
1177	1156		with similar nonprofit purposes ,
1178	1157		b. in accordance with the association ’s governing
1179	1158		principles or in the absence of appl icable governing
1180	1159		principles, to the members of the association per
1181	1160		capita or as the members direct , or
1182	1161		c. if neither subparagraph a nor b applies, under the
1183	1162		Uniform Unclaimed Property Act, Section 651 et seq. of
1184	1163		Title 60 of the Oklahoma Statutes .
1185	1164		SECTION 29. NEW LAW A new section of law to be codified
1186	1165		in the Oklahoma Statutes as Section 2129 of Title 18, unless there
1187	1166		is created a duplication in numbering, reads as follows:
1188	1167		A. An unincorporated nonprofit association may deliver to the
1189	1168		Secretary of State for filing a statement designating an agent
1190	1169		authorized to receive service of process.
1191	1170		B. A statement designating a registered agent shall state:
1192	1171		1. The name of the unincorporated nonprofit association; and
1193	1172		2. The name and street and mailing addresses in this state of
1194	1173		the registered agent.
1195	1174		C. A statement designating a registered agent shall be signed
1196	1175		by a person authorized to manage the affairs of the unincorporated
1197	1176		nonprofit association. The signing of the statement is an
1198	1177		affirmation of fact that the person is authorized to manage the
1199	1178
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1202	1180		2
1203	1181		3
1204	1182		4
1205	1183		5
1206	1184		6
1207	1185		7
1208	1186		8
1209	1187		9
1210	1188		10
1211	1189		11
1212	1190		12
1213	1191		13
1214	1192		14
1215	1193		15
1216	1194		16
1217	1195		17
1218	1196		18
1219	1197		19
1220	1198		20
1221	1199		21
1222	1200		22
1223	1201		23
1224	1202		24
1225	1203
1226	1204		affairs of the unincorporated nonprofit association and that the
1227	1205		agent has consented to serve.
1228	1206		D. An amendment to or cancellation of a statement designating a
1229	1207		registered agent shall meet the requirements for signing an original
1230	1208		statement. An agent may resign by delivering a resignation to the
1231	1209		Office of the Secretary of State for filing and by giving notice to
1232	1210		the unincorporated nonprofit association at the address most
1233	1211		recently provided to the agent by the association.
1234	1212		E. The Secretary of State may collect a fee for filing a
1235	1213		statement designating a registered agent, an amendment, a
1236	1214		cancellation, or a resignation in the amount charged for filing
1237	1215		similar documents.
1238	1216		F. A statement designating a regis tered agent shall take effect
1239	1217		upon filing with the Secretary of State and shall be effective for
1240	1218		five (5) years after the date of filing unless canceled or
1241	1219		terminated earlier.
1242	1220		G. A statement designating a registered agent may not be
1243	1221		rejected for filing becaus e the name of the unincorporated nonprofit
1244	1222		association signing the statement is not distinguishable on the
1245	1223		records of the Secretary of State from the name of another entity
1246	1224		appearing in such records. The filing of such a statement shall not
1247	1225		make the name of the association signing the statement unavailable
1248	1226		for use by another entity.
1249	1227
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1252	1229		2
1253	1230		3
1254	1231		4
1255	1232		5
1256	1233		6
1257	1234		7
1258	1235		8
1259	1236		9
1260	1237		10
1261	1238		11
1262	1239		12
1263	1240		13
1264	1241		14
1265	1242		15
1266	1243		16
1267	1244		17
1268	1245		18
1269	1246		19
1270	1247		20
1271	1248		21
1272	1249		22
1273	1250		23
1274	1251		24
1275	1252
1276	1253		H. The only duty under t his act of a registered agent is to
1277	1254		forward to the unincorporated nonprofit association at the address
1278	1255		most recently provided to the agent by the assoc iation any process,
1279	1256		notice, or demand pertaining to the association which is served on
1280	1257		or received by the agent.
1281	1258		SECTION 30. NEW LAW A new section of law to be codified
1282	1259		in the Oklahoma Statutes as Section 2130 of Title 18, unless there
1283	1260		is created a duplication in numbering, reads as follows:
1284	1261		All transfers of an interest in property to a n unincorporated
1285	1262		nonprofit association shall vest the interest in the association,
1286	1263		unless the parties to the transfer have treated the transfer as
1287	1264		ineffective.
1288	1265		SECTION 31. NEW LAW A new section of law to be codified
1289	1266		in the Oklahoma Statutes as Section 2131 of Title 18, unless there
1290	1267		is created a duplication in numbering, reads as follows:
1291	1268		A. As used in this section:
1292	1269		1. “Entity”:
1293	1270		a. means a person that has:
1294	1271		(1) a legal existence separate from any person that
1295	1272		has a right to vote or con sent with respect to
1296	1273		any of the entity’s internal affairs, or
1297	1274		(2 the power to acquire an interest in real property
1298	1275		in its own name, and
1299	1276		b. does not include:
1300	1277
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1303	1279		2
1304	1280		3
1305	1281		4
1306	1282		5
1307	1283		6
1308	1284		7
1309	1285		8
1310	1286		9
1311	1287		10
1312	1288		11
1313	1289		12
1314	1290		13
1315	1291		14
1316	1292		15
1317	1293		16
1318	1294		17
1319	1295		18
1320	1296		19
1321	1297		20
1322	1298		21
1323	1299		22
1324	1300		23
1325	1301		24
1326	1302
1327	1303		(1) an individual,
1328	1304		(2) a trust with a predominantly donative purpose or
1329	1305		a charitable trust,
1330	1306		(3) an association or relationship that is not
1331	1307		described in subparagraph a of this paragraph and
1332	1308		is not a partnership solely by reason of
1333	1309		subsection (c) of Section 1-202 of Title 54 of
1334	1310		the Oklahoma Statutes ,
1335	1311		(4) a decedent’s estate,
1336	1312		(5) a protected series, or
1337	1313		(6) a government or a governmental subdivision,
1338	1314		agency, or instrumentality ;
1339	1315		2. “Merger” means a transaction authorized by:
1340	1316		a. the provisions of this section, or
1341	1317		b. a similar law of one or more other jurisdictions,
1342	1318		however the transaction is denominated, under which at
1343	1319		least two entities are combined into one of the
1344	1320		entities or a newly created entity when any records
1345	1321		delivered to the Secretary of State and similar
1346	1322		offices in the other jurisdiction or jurisdictions
1347	1323		become effective;
1348	1324		3. “Merging entity” means an entity that is a party to a merger
1349	1325		and exists immediately before the merger becomes effective ;
1350	1326
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1353	1328		2
1354	1329		3
1355	1330		4
1356	1331		5
1357	1332		6
1358	1333		7
1359	1334		8
1360	1335		9
1361	1336		10
1362	1337		11
1363	1338		12
1364	1339		13
1365	1340		14
1366	1341		15
1367	1342		16
1368	1343		17
1369	1344		18
1370	1345		19
1371	1346		20
1372	1347		21
1373	1348		22
1374	1349		23
1375	1350		24
1376	1351
1377	1352		4. “Organic law” means the law of this state or anoth er
1378	1353		jurisdiction that principally governs the internal affairs of an
1379	1354		entity;
1380	1355		5. “Organic rules” means the public organic record and private
1381	1356		organic rules of an entity ;
1382	1357		6. “Private organic rules ” means the rules, whether or not in a
1383	1358		record, that govern the internal affairs of an entity, are binding
1384	1359		on all its equity owners or persons with the right to vote or
1385	1360		consent with respect to any of its internal affairs, and are not
1386	1361		part of its public organic record, if any ;
1387	1362		7. “Public organic record ” means the record the filing of which
1388	1363		by the Secretary of State forms an entity and any amendment to or
1389	1364		restatement of that record ; and
1390	1365		8. “Surviving entity” means the entity that continues in
1391	1366		existence after or is created by a merger.
1392	1367		B. An unincorporated nonprofi t association may be a merging
1393	1368		entity or surviving entity in a merger with any entity that is
1394	1369		authorized by law to merge with an unincorporated nonprofit
1395	1370		association.
1396	1371		C. A merger involving an unincorporated nonprofit association
1397	1372		is subject to the following ru les:
1398	1373		1. Each constituent entity shall comply with its organic law ;
1399	1374
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1403	1377		3
1404	1378		4
1405	1379		5
1406	1380		6
1407	1381		7
1408	1382		8
1409	1383		9
1410	1384		10
1411	1385		11
1412	1386		12
1413	1387		13
1414	1388		14
1415	1389		15
1416	1390		16
1417	1391		17
1418	1392		18
1419	1393		19
1420	1394		20
1421	1395		21
1422	1396		22
1423	1397		23
1424	1398		24
1425	1399
1426	1400		2. Each party to the merger shall approve a plan of merger.
1427	1401		The plan, which shall be in a record, shall include the following
1428	1402		provisions:
1429	1403		a. the name and form of each entity that is a party to
1430	1404		the merger,
1431	1405		b. the name and form of the surviving entity and whether
1432	1406		the surviving entity is to be created by the merger ,
1433	1407		c. if the surviving entity is to be created by the
1434	1408		merger, the surviving entity ’s organic rules that are
1435	1409		proposed to be in a re cord,
1436	1410		d. if the surviving entity is not to be created by the
1437	1411		merger, any amendments to be made by the merger to the
1438	1412		surviving entity’s organic rules that are, or are
1439	1413		proposed to be, in a record , and
1440	1414		e. the terms and conditions of the merger, including the
1441	1415		manner and basis for converting the interests in each
1442	1416		merging entity into any combination of money,
1443	1417		interests in the surviving entity, and other
1444	1418		consideration except that the plan of merger may not
1445	1419		permit members of an unincorporated nonprofit
1446	1420		association to receive merger consideration if a
1447	1421		distribution of such consideration would not be
1448	1422		permitted in the absence of a merger under Sections 25
1449	1423		and 28 of this act;
1450	1424
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1453	1426		2
1454	1427		3
1455	1428		4
1456	1429		5
1457	1430		6
1458	1431		7
1459	1432		8
1460	1433		9
1461	1434		10
1462	1435		11
1463	1436		12
1464	1437		13
1465	1438		14
1466	1439		15
1467	1440		16
1468	1441		17
1469	1442		18
1470	1443		19
1471	1444		20
1472	1445		21
1473	1446		22
1474	1447		23
1475	1448		24
1476	1449
1477	1450		3. The plan of merger shall be approved by the members of each
1478	1451		unincorporated nonprofit ass ociation that is a merging entity. If a
1479	1452		plan of merger would impose personal liability for an obligation of
1480	1453		an entity on a member of an association that is a merging entity,
1481	1454		the plan may not take effect unless the association has received a
1482	1455		record acknowledging acceptance of the liability by the member if
1483	1456		the member has not affirmatively voted for or consented to the
1484	1457		merger;
1485	1458		4. Subject to the contractual rights of third parties, after a
1486	1459		plan of merger is approved and at any time before the merger is
1487	1460		effective, a merging entity may amend the plan or abandon the plan
1488	1461		as provided in the plan, or except as otherwise prohibited in the
1489	1462		plan, with the same consent as was required to approve the plan ; and
1490	1463		5. Following approval of the plan, a merger under this section
1491	1464		is effective:
1492	1465		a. if a merging entity is required to give notice to or
1493	1466		obtain the approval of a governmental agency or
1494	1467		officer in order to be a party to a merger, when the
1495	1468		notice has been given and the approval has been
1496	1469		obtained, and
1497	1470		b. if the surviving entity:
1498	1471		(1) is an unincorporated nonprofit association, as
1499	1472		specified in the plan of merger and upon
1500	1473		compliance by any merging entity that is not an
1501	1474
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1504	1476		2
1505	1477		3
1506	1478		4
1507	1479		5
1508	1480		6
1509	1481		7
1510	1482		8
1511	1483		9
1512	1484		10
1513	1485		11
1514	1486		12
1515	1487		13
1516	1488		14
1517	1489		15
1518	1490		16
1519	1491		17
1520	1492		18
1521	1493		19
1522	1494		20
1523	1495		21
1524	1496		22
1525	1497		23
1526	1498		24
1527	1499
1528	1500		association with any requirements, including any
1529	1501		required filings in the Office of the Secretary
1530	1502		of State, of the entity’s organic law, or
1531	1503		(2) is not an unincorporated nonprofit association,
1532	1504		as provided by the organic law of the surviving
1533	1505		entity.
1534	1506		D. When a merger becomes effective:
1535	1507		1. The surviving entity continues or comes into existence;
1536	1508		2. Each merging entity that is not the surviving entity ceases
1537	1509		to exist;
1538	1510		3. All property of each merging entity vests in the surviving
1539	1511		entity without transfer, reversion, or impairment;
1540	1512		4. All debts, obligations, or other liabilities of each merging
1541	1513		entity continue as debts, obligations, or other liabilities of the
1542	1514		surviving entity;
1543	1515		5. The name of the surviving entity may be substituted for the
1544	1516		name of any merging entity that is a party to any pending action or
1545	1517		proceeding;
1546	1518		6. Except as provided by law other than this ac t, all the
1547	1519		rights, privileges, immunities, powers, and purposes of each merging
1548	1520		entity vest in the surviving entity;
1549	1521		7. Except as provided in the plan of merger, the terms and
1550	1522		conditions of the plan of merger take effect;
1551	1523
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1554	1525		2
1555	1526		3
1556	1527		4
1557	1528		5
1558	1529		6
1559	1530		7
1560	1531		8
1561	1532		9
1562	1533		10
1563	1534		11
1564	1535		12
1565	1536		13
1566	1537		14
1567	1538		15
1568	1539		16
1569	1540		17
1570	1541		18
1571	1542		19
1572	1543		20
1573	1544		21
1574	1545		22
1575	1546		23
1576	1547		24
1577	1548
1578	1549		8. The merger does not affect the pe rsonal liability, if any,
1579	1550		of a member or manager of a merging entity for a debt, obligation,
1580	1551		or other liability incurred before the merger is effective; and
1581	1552		9. A surviving entity that is not organized in this state is
1582	1553		subject to the jurisdiction of th e courts of this state to enforce
1583	1554		any debt, obligation, or other liability owed by a merging entity,
1584	1555		if before the merger the merging entity was subject to suit in this
1585	1556		state for the debt, obligation, or other liability.
1586	1557		E. Property by a merging entity for a charitable purpose under
1587	1558		the law of this state, whether in trust or otherwise, immediately
1588	1559		before a merger under this section becomes effective may not, as a
1589	1560		result of the merger, be diverted from the objects for which it was
1590	1561		donated, granted, or devis ed or otherwise transferred, except in
1591	1562		compliance with the law of this state concerning cy pres doctrine or
1592	1563		other law dealing with nondiversion of charitable assets.
1593	1564		F. Subject to the express terms of a will or other instrument
1594	1565		of donation, subscription, or c onveyance, a bequest, devise, gift,
1595	1566		grant, or promise contained in the will or other instrument made
1596	1567		before, simultaneously with, or after a transaction under this
1597	1568		section, to or for a charitable corporation or unincorporated entity
1598	1569		that has a charitable purpose and is not the surviving entity in the
1599	1570		merger, inures to the surviving entity if it is a charitabl e
1600	1571		corporation or unincorporated entity that has a charitable purpose.
1601	1572
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1605	1575		3
1606	1576		4
1607	1577		5
1608	1578		6
1609	1579		7
1610	1580		8
1611	1581		9
1612	1582		10
1613	1583		11
1614	1584		12
1615	1585		13
1616	1586		14
1617	1587		15
1618	1588		16
1619	1589		17
1620	1590		18
1621	1591		19
1622	1592		20
1623	1593		21
1624	1594		22
1625	1595		23
1626	1596		24
1627	1597
1628	1598		G. A trust obligation that would govern property if transferred
1629	1599		to the nonsurviving entity applies to property that is transferred
1630	1600		to the surviving entity under this section.
1631	1601		H. A reference in this section to an entity or type of entity
1632	1602		includes an entity whose internal affairs are governed by the law of
1633	1603		this state or another jur isdiction.
1634	1604		I. A term used in the law of a foreign jurisdiction applicable
1635	1605		to a transaction that has a meanin g comparable to the meaning of a
1636	1606		different term used in this section to refer to a party to or a
1637	1607		record or other matter relating to a merger shall be t reated as
1638	1608		referring to the term used in this section.
1639	1609		SECTION 32. NEW LAW A new section of law to be codified
1640	1610		in the Oklahoma Statutes as Section 2132 of Title 18, unless there
1641	1611		is created a duplication in numbering, reads as foll ows:
1642	1612		In applying and construing this uniform act, consideration shall
1643	1613		be given to the need to promote uniform ity of the law with respect
1644	1614		to its subject matter among states that enact it.
1645	1615		SECTION 33. NEW LAW A new section of law to be cod ified
1646	1616		in the Oklahoma Statutes as Section 2133 of Title 18, unless there
1647	1617		is created a duplication in numbering, reads as follows:
1648	1618		This act modifies, limits, and supersedes the Electronic
1649	1619		Signatures in Global and National Commerce Act, 15 U.S.C. , Section
1650	1620		7001 et seq., but does not modify, limit, or supersede Section
1651	1621		101(c) of that act, 15 U.S.C. , Section 7001(c), or authorize
1652	1622
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1655	1624		2
1656	1625		3
1657	1626		4
1658	1627		5
1659	1628		6
1660	1629		7
1661	1630		8
1662	1631		9
1663	1632		10
1664	1633		11
1665	1634		12
1666	1635		13
1667	1636		14
1668	1637		15
1669	1638		16
1670	1639		17
1671	1640		18
1672	1641		19
1673	1642		20
1674	1643		21
1675	1644		22
1676	1645		23
1677	1646		24
1678	1647
1679	1648		electronic delivery of any of the notices described in Section
1680	1649		103(b) of that act, 15 U.S.C. , Section 7003(b).
1681	1650		SECTION 34. NEW LAW A new section of law to be codified
1682	1651		in the Oklahoma Statutes as Section 2134 of Title 18, unless there
1683	1652		is created a duplication in numbering, reads as follows:
1684	1653		This act shall not affect an action commenced, proceeding
1685	1654		brought, or right accrued before the effective date of this act.
1686	1655		SECTION 35. This act shall become effectiv e November 1, 2025.
1687		-	~~COMMITTEE REPORT BY: COMMITTEE ON JUDICIARY~~
1688		-	~~March~~ 4, 2025 ~~- DO PASS AS AMENDED BY CS~~
	1656	+
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