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

Okla. Stat. tit. 54, § 54-1-802: Partnership Continues After Dissolution

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

Partnership Continues After Dissolution. (a) Subject to

subsection (b) of this section, a partnership continues after

dissolution only for the purpose of winding up its business. The

partnership is terminated when the winding up of its business is

completed.

(b) At any time after the dissolution of a partnership and

before the winding up of its business is completed, all of the

partners, including any dissociating partner other than a wrongfully

dissociating partner, may waive the right to have the partnership's

business wound up and the partnership terminated.

In that event:

(1) the partnership resumes carrying on its business as if

dissolution had never occurred, and any liability incurred by the

partnership or a partner after the dissolution and before the waiver

is determined as if dissolution had never occurred; and

(2) the rights of a third party accruing under paragraph (1) of

Section 43 of this act or arising out of conduct in reliance on the

dissolution before the third party knew or received a notification

of the waiver may not be adversely affected.

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

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