Senate Bill No. 1085 introduces the Uniform Unincorporated Nonprofit Association Act in Oklahoma, establishing a legal framework for unincorporated nonprofit associations. The bill defines key terms and outlines the characteristics, powers, and operational procedures of these associations, including property ownership, liability protections for members and managers, and requirements for meetings and decision-making. It emphasizes that these associations are distinct entities, protecting members from personal liability for the association's debts and obligations, and allows them to sue or be sued in their own name. The act also stipulates that significant actions require member approval and sets forth guidelines for the dissolution and winding up of associations.
Additionally, the bill introduces provisions regarding mergers, clarifying the treatment of debts and obligations, and ensuring that charitable assets remain designated for their intended purposes. It establishes that personal liability for members or managers remains intact for liabilities incurred prior to a merger and that surviving entities not organized in Oklahoma are still subject to state jurisdiction. The act aims to enhance accountability and transparency while protecting the interests of members and managers, and it is set to take effect on November 1, 2025.