Okla. Stat. tit. 54, § 54-1-308: Liability of Purported Partner
Where this section sits in the code
- OK Code
- 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.
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