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Gavel to Gavel: LLCs in Oklahoma | The Journal Record

Gavel to Gavel: LLCs in Oklahoma | The Journal Record
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Corporate — LLC – Litigation Expenses – Prior to Suit – Non-Lawyer Contractor – Voluntarily Dismissed Claims

Defendant Burnette seeks indemnification from the defendant-limited liability company for the expenses he incurred in successfully defending a lawsuit brought by plaintiff, a co-member of the LLC. Both the Limited Liability Company Act (LLC Act) and the Business Corporation Act (BCA) authorize indemnification of expenses incurred “in connection with the proceeding.” However, the LLC Act . ....

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