Okla. Stat. tit. 54, § 54-1-602: Partner's Power to Dissociate; Wrongful Dissociation
Where this section sits in the code
- OK Code
- Title 54
Partner's Power to Dissociate; Wrongful Dissociation. (a) A
partner has the power to dissociate at any time, rightfully or
wrongfully, by express will pursuant to paragraph (1) of Section 32
of this act.
(b) A partner's dissociation is wrongful only if:
(1) it is in breach of an express provision of the partnership
agreement; or
(2) in the case of a partnership for a definite term or
particular undertaking, before the expiration of the term or the
completion of the undertaking:
(i) the partner withdraws by express will, unless the
withdrawal follows within ninety (90) days after
another partner's dissociation by death or otherwise
under paragraphs (6) through (10) of Section 32 of
this act or wrongful dissociation under this
subsection;
(ii) the partner is expelled by judicial determination
under paragraph (5) of Section 32 of this act;
(iii) the partner is dissociated by becoming a debtor in
bankruptcy; or
(iv) in the case of a partner who is not an individual,
trust other than a business trust, or estate, the
partner is expelled or otherwise dissociated because
it willfully dissolved or terminated.
(c) A partner who wrongfully dissociates is liable to the
partnership and to the other partners for damages caused by the
dissociation. The liability is in addition to any other obligation
of the partner to the partnership or to the other partners.
Collected 2026-09-14T18:32:36Z. Source file · JSON