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

Okla. Stat. tit. 54, § 54-1-308: Liability of Purported Partner

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

Liability of Purported Partner. (a) If a person, by words or

conduct, purports to be a partner, or consents to being represented

by another as a partner, in a partnership or with one or more

persons not partners, the purported partner is liable to a person to

whom the representation is made, if that person, relying on the

representation, enters into a transaction with the actual or

purported partnership. If the representation, either by the

purported partner or by a person with the purported partner's

consent, is made in a public manner, the purported partner is liable

to a person who relies upon the purported partnership even if the

purported partner is not aware of being held out as a partner to the

claimant. If partnership liability results, the purported partner

is liable with respect to that liability as if the purported partner

were a partner. If no partnership liability results, the purported

partner is liable with respect to that liability jointly and

severally with any other person consenting to the representation.

(b) If a person is thus represented to be a partner in an

existing partnership, or with one or more persons not partners, the

purported partner is an agent of persons consenting to the

representation to bind them to the same extent and in the same

manner as if the purported partner were a partner, with respect to

persons who enter into transactions in reliance upon the

representation. If all of the partners of the existing partnership

consent to the representation, a partnership act or obligation

results. If fewer than all of the partners of the existing

partnership consent to the representation, the person acting and the

partners consenting to the representation are jointly and severally

liable.

(c) A person is not liable as a partner merely because the

person is named by another in a statement of partnership authority.

(d) A person does not continue to be liable as a partner merely

because of a failure to file a statement of dissociation or to amend

a statement of partnership authority to indicate the partner's

dissociation from the partnership.

(e) Except as otherwise provided in subsections (a) and (b) of

this section, persons who are not partners as to each other are not

liable as partners to other persons.

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

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