Okla. Stat. tit. 54, § 54-1-603: Effect of Partner's Dissociation
Where this section sits in the code
- OK Code
- Title 54
Effect of Partner's Dissociation. (a) If a partner's
dissociation results in a dissolution and winding up of the
partnership business, Article 8 of this act applies; otherwise,
Article 7 of this act applies.
(b) Upon a partner's dissociation:
(1) the partner's right to participate in the management and
conduct of the partnership business terminates, except as otherwise
provided in Section 42 of this act;
(2) the partner's duty of loyalty under paragraph (3) of
subsection (b) of Section 25 of this act terminates; and
(3) the partner's duty of loyalty under paragraphs (1) and (2)
of subsection (b) of Section 25 of this act and duty of care under
subsection (c) of Section 25 of this act continue only with regard
to matters arising and events occurring before the partner's
dissociation, unless the partner participates in winding up the
partnership's business pursuant to Section 42 of this act.
Collected 2026-09-14T18:32:36Z. Source file · JSON