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

Okla. Stat. tit. 54, § 54-1-603: Effect of Partner's Dissociation

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

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