HB 1996 Summary

• Enacts the Revised Uniform Unincorporated Nonprofit Association Act, creating a comprehensive statutory framework for governing unincorporated nonprofit organizations in Oklahoma.

• Establishes that unincorporated nonprofit associations are legal entities distinct from their members and managers, with perpetual duration, property ownership rights, and the ability to sue and be sued.

• Requires member approval for major decisions including admitting/expelling members, selecting managers, amending governing principles, disposing of substantially all property, and dissolution.

• Defines manager duties including fiduciary duties of loyalty and care, with provisions allowing limitation of liability through governing principles except for breach of loyalty, fraud, or improper distributions.

• Provides procedures for winding up and terminating associations upon dissolution, including distribution of remaining property according to governing principles, state law requirements, or the Uniform Unclaimed Property Act.