Oklahoma § 18-2021 - Records required to be kept - Member access to

§ 18-2021. Records required to be kept - Member access to

information - Managers may inspect and copy records.

A. Unless otherwise provided in a written operating agreement,

a limited liability company shall keep at its principal place of

business the following:

1. A current and a past list of the full name and last-known

mailing address of each member and manager;

2. Copies of records that would enable a member to determine

the relative voting rights of the members;

3. A copy of the articles of organization, together with any

amendments thereto;

4. Copies of the limited liability company's federal, state and

local income tax returns and financial statements, if any, for the

three most recent years or, if such returns and statements were not

prepared for any reason, copies of the information and statements

provided to, or which should have been provided to, the members to

enable them to prepare their federal state and local tax returns for

such period;

5. Copies of any effective written operating agreements and all

amendments thereto and copies of any written operating agreements no

longer in effect; and

6. Unless provided in writing in an operating agreement, a

writing setting out:

a.

the amount of cash and a statement of the agreed value

of other property or services contributed by each

member and the times at which or events upon the

happening of which any additional contributions agreed

to be made by each member are to be made, and

b.

the events upon the happening of which the limited

liability company is to be dissolved and its affairs

wound up, and

Oklahoma Statutes - Title 18. Corporations

c.

any other information prepared pursuant to a

requirement in an operating agreement.

B. A member, for any purpose reasonably related to the member's

interest, may:

1. At the member's own expense, inspect and copy any limited

liability company record upon reasonable request during ordinary

business hours;

2. Obtain from time to time upon reasonable demand:

a.

true and complete information regarding the state of

the business and financial condition of the limited

liability company,

b.

promptly after becoming available, a copy of the

limited liability company's state and local income tax

returns for each year, and

c.

other information regarding the affairs of the limited

liability company as is just and reasonable; and

3. Have a formal accounting of the limited liability company's

affairs whenever circumstances render it just and reasonable.

C. A manager, for any purpose reasonably related to his

position, may inspect and copy any limited liability company records

upon reasonable request during ordinary business hours.

D. Failure of the limited liability company to keep or maintain

any of the records or information required pursuant to this section

shall not be grounds for imposing liability on any person for the

debts and obligations of the limited liability company.

Added by Laws 1992, c. 148, § 22, eff. Sept. 1, 1992. Amended by

Laws 1993, c. 366, § 13, eff. Sept. 1, 1993.