Oklahoma § 18-867 - Director - Breach of fiduciary duty - Liability
Full text of Oklahoma Oklahoma Statutes § 18-867 — Director - Breach of fiduciary duty - Liability, with citation guidance and answers to common questions.
§ 18-867. Director - Breach of fiduciary duty - Liability
In addition to the immunity provisions of Section 866 of Title
18 of the Oklahoma Statutes, no member of the board of directors of
a nonprofit corporation shall be personally liable to the
corporation, or members thereof, for monetary damages for breach of
fiduciary duty as a director, provided that such immunity from
liability shall not extend to:
1. any breach of the director's duty of loyalty to the
corporation; or
2. any acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of the law; or
3. any transaction from which the director derived an improper
personal benefit.
Added by Laws 1987, c. 166, § 1, eff. Nov. 1, 1987.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-867
What does Oklahoma Statutes § 18-867 cover?
Section 18-867 ("Director - Breach of fiduciary duty - Liability") 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 § 18-867?
A common citation format is "Oklahoma Statutes § 18-867" (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 § 18-867 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.