Oklahoma Statutes
Okla. Stat. tit. 18, § 2032 (2026)
Membership interest as personal property
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MEMBERSHIP INTEREST AS PERSONAL PROPERTY A capital interest is personal property. A member has no interest in specific limited liability company property. Added by Laws 1992, c. 148, § 33, eff. Sept. 1, 1992. Amended by Laws 2017, c. 323, § 45, eff. Nov. 1, 2017.
Notes of Decisions
Cited in 3
cases (1 in the last 5 years), 2007–2022 · leading case: Askins Props., L.L.C. v. Oklahoma Cnty. Assessor, 2007 OK 25, 161 P.3d 303.
Askins Props., L.L.C. v. Oklahoma Cnty. Assessor, 2007 OK 25, 161 P.3d 303. “Obviously, this statute, at least at first blush and facially, seems inconsistent with a holding that the Askins remain the equitable owners of the real properties after title was transferred to AP.”
In re Grooms, 599 B.R. 155 (Bankr. W.D. Okla. 2019). “Rather than owning an interest in the assets of the limited liability company, a member holds a capital interest in the limited liability company. A member of a limited liability company "has no right to demand and receive any distribution from a limited liability company in any…”
SE Prop. Holdings, LLC v. Stewart, No. 16-01087 (Bankr. W.D. Okla. Aug. 3, 2022). “Rather than owning an interest in the assets of the limited liability company, a member holds a capital interest in the limited liability company.”
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