Oklahoma Release of Memorandum of Operating Agreement and Termination of Financing Statement

State:
Multi-State
Control #:
US-OG-766
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the signing party hereby certifies that the referenced Operating Agreement has expired and that the Memorandum of Operating Agreement and Financing Statement is fully released and discharged and the parties to the Operating Agreement no longer claim any security interest under the above mentioned Financing Statement.

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FAQ

PLEASE NOTE: Title 18, O.S., Section 552.4 pertains to persons and organizations that are exempt from the requirement to register with the Secretary of State. Be advised that this office CANNOT make the determination as to whether a person or organization conforms to one of the exemptions listed.

A domestic limited liability company that has ceased to be in good standing or a foreign limited liability company that has ceased to be registered in this state may not maintain any action, suit or proceeding in any court of this state until the domestic limited liability company has been reinstated as a domestic ...

There is no state law in Oklahoma requiring an operating agreement for LLCs. However, without a written operating agreement, you will have difficulty opening a company bank account, and you might run into trouble if your LLC ever faces a lawsuit.

Oklahoma Statutes Title 18, Chapter 22 The Act also outlines the rights, duties, and liabilities of homeowners associations, as well as the powers and authority of the board of directors, members, and officers.

Title 18, Section 2049 The following activities of a foreign limited liability company, among others, do not constitute transacting business within the meaning of this act: 1. Maintaining, defending, or settling any proceeding; 2.

The conversion of any entity into a domestic limited liability company shall not be deemed to affect any obligations or liabilities of the entity incurred before its conversion to a domestic limited liability company or the personal liability of any person incurred before the conversion. F.

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Oklahoma Release of Memorandum of Operating Agreement and Termination of Financing Statement