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

Okla. Stat. tit. 54, § 54-1-307: Actions By and Against Partnership and Partners

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Where this section sits in the code
  1. OK Code
  2. Title 54

Actions By and Against Partnership and Partners. (a) A

partnership may sue and be sued in the name of the partnership.

(b) An action may be brought against the partnership and, to

the extent not inconsistent with Section 18 of this act, any or all

of the partners in the same action or in separate actions.

(c) A judgment against a partnership is not by itself a

judgment against a partner. A judgment against a partnership may

not be satisfied from a partner's assets unless there is also a

judgment against the partner.

(d) A judgment creditor of a partner may not levy execution

against the assets of the partner to satisfy a judgment based on a

claim against the partnership unless the partner is personally

liable for the claim under Section 18 of this act and:

(1) a judgment based on the same claim has been obtained

against the partnership and a writ of execution on the judgment has

been returned unsatisfied in whole or in part;

(2) the partnership is a debtor in bankruptcy;

(3) the partner has agreed that the creditor need not exhaust

partnership assets;

(4) a court grants permission to the judgment creditor to levy

execution against the assets of a partner based on a finding that

partnership assets subject to execution are clearly insufficient to

satisfy the judgment, that exhaustion of partnership assets is

excessively burdensome, or that the grant of permission is an

appropriate exercise of the court's equitable powers; or

(5) liability is imposed on the partner by law or contract

independent of the existence of the partnership.

(e) This section applies to any partnership liability or

obligation resulting from a representation by a partner or purported

partner under Section 20 of this act.

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

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