Oklahoma § 18-2034
Full text of Oklahoma Oklahoma Statutes § 18-2034, with citation guidance and answers to common questions.
§ 18-2034.
Judgment creditor - Rights - Exclusive remedy.
JUDGMENT CREDITOR; RIGHTS; EXCLUSIVE REMEDY
On application to a court of competent jurisdiction by any
judgment creditor of a member, the court may charge the capital
interest of the member with payment of the unsatisfied amount of the
judgment with interest. To the extent so charged, the judgment
creditor has only the rights of an assignee of the capital interest.
A charging order entered by a court pursuant to this section shall
in no event be convertible into a membership interest through
foreclosure or other action. The Oklahoma Limited Liability Company
Act does not deprive any member of the benefit of any exemption laws
applicable to his or her membership or capital interest. This
section shall be the sole and exclusive remedy of a judgment
creditor with respect to the judgment debtor's membership and
capital interest, whether the limited liability company has one
member or more than one member.
Oklahoma Statutes - Title 18. Corporations
Added by Laws 1992, c. 148, § 35, eff. Sept. 1, 1992. Amended by
Laws 1993, c. 366, § 18, eff. Sept. 1, 1993; Laws 2004, c. 255, §
46, eff. Nov. 1, 2004; Laws 2017, c. 323, § 47, eff. Nov. 1, 2017.
Frequently Asked Questions About Oklahoma § 18-2034
What does Oklahoma Statutes § 18-2034 cover?
Section 18-2034 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-2034?
A common citation format is "Oklahoma Statutes § 18-2034" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-2034 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.