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

Okla. Stat. tit. 54, § 54-1-702: Dissociated Partner's Power to Bind and Liability to

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  1. OK Code
  2. Title 54

Partnership.

Dissociated Partner's Power to Bind and Liability to

Partnership. (a) For two (2) years after a partner dissociates

without resulting in a dissolution and winding up of the partnership

business, the partnership, including a surviving partnership under

Article 9 of this act, is bound by an act of the dissociated partner

which would have bound the partnership under Section 13 of this act

before dissociation only if at the time of entering into the

transaction the other party:

(1) reasonably believed that the dissociated partner was then a

partner;

(2) did not have notice of the partner's dissociation; and

(3) is not deemed to have had knowledge under subsection (e) of

Section 15 of this act or notice under subsection (c) of Section 38

of this act.

(b) A dissociated partner is liable to the partnership for any

damage caused to the partnership arising from an obligation incurred

by the dissociated partner after dissociation for which the

partnership is liable under subsection (a) of this section.

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

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