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

Okla. Stat. tit. 54, § 54-1-504: Partner's Transferable Interest Subject to Charging

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

Order.

Partner's Transferable Interest Subject to Charging Order. (a)

On application by a judgment creditor of a partner or of a partner's

transferee, a court having jurisdiction may charge the transferable

interest of the judgment debtor to satisfy the judgment. The court

may appoint a receiver of the share of the distributions due or to

become due to the judgment debtor in respect of the partnership and

make all other orders, directions, accounts, and inquiries the

judgment debtor might have made or which the circumstances of the

case may require.

(b) A charging order constitutes a lien on the judgment

debtor's transferable interest in the partnership. The court may

order a foreclosure of the interest subject to the charging order at

any time. The purchaser at the foreclosure sale has the rights of a

transferee.

(c) At any time before foreclosure, an interest charged may be

redeemed:

(1) by the judgment debtor;

(2) with property other than partnership property, by one or

more of the other partners; or

(3) with partnership property, by one or more of the other

partners with the consent of all of the partners whose interests are

not so charged.

(d) This act does not deprive a partner of a right under

exemption laws with respect to the partner's interest in the

partnership.

(e) This section provides the exclusive remedy by which a

judgment creditor of a partner or partner's transferee may satisfy a

judgment out of the judgment debtor's transferable interest in the

partnership.

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

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