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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 54, § 54-1-305: Partnership Liable for Partner's Actionable Conduct

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  1. OK Code
  2. Title 54

Partnership Liable for Partner's Actionable Conduct.

(a) A partnership is liable for loss or injury caused to a

person, or for a penalty incurred, as a result of a wrongful act or

omission, or other actionable conduct, of a partner acting in the

ordinary course of business of the partnership or with authority of

the partnership.

(b) If, in the course of the partnership's business or while

acting with authority of the partnership, a partner receives or

causes the partnership to receive money or property of a person not

a partner, and the money or property is misapplied by a partner, the

partnership is liable for the loss.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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