Okla. Stat. tit. 54, § 54-1-306: Partner's liability
Where this section sits in the code
- OK Code
- Title 54
Partner's liability. (a) Except as otherwise provided in
subsections (b) and (c) of this section, all partners are liable
jointly and severally for all obligations of the partnership unless
otherwise agreed by the claimant or provided by law.
(b) A person admitted as a partner into an existing partnership
is not personally liable for any partnership obligation incurred
before the person's admission as a partner.
(c) An obligation of a partnership incurred while the
partnership is a limited liability partnership, whether arising in
contract, tort, or otherwise, is solely the obligation of the
partnership. A partner is not personally liable, directly or
indirectly, by way of contribution or otherwise, for such an
obligation solely by reason of being or so acting as a partner.
This subsection applies notwithstanding anything inconsistent in the
partnership agreement that existed immediately before the vote
required to become a limited liability partnership under subsection
(b) of Section 55 of this act.
Collected 2026-09-14T18:32:36Z. Source file · JSON