Okla. Stat. tit. 54, § 54-1-803: Right to Wind Up Partnership Business
Where this section sits in the code
- OK Code
- Title 54
Right to Wind Up Partnership Business. (a) After dissolution,
a partner who has not wrongfully dissociated may participate in
winding up the partnership's business, but on application of any
partner, partner's legal representative, or transferee, the district
court, for good cause shown, may order judicial supervision of the
winding up.
(b) The legal representative of the last surviving partner may
wind up a partnership's business.
(c) A person winding up a partnership's business may preserve
the partnership business or property as a going concern for a
reasonable time, prosecute and defend actions and proceedings,
whether civil, criminal, or administrative, settle and close the
partnership's business, dispose of and transfer the partnership's
property, discharge the partnership's liabilities, distribute the
assets of the partnership pursuant to Section 46 of this act, settle
disputes by mediation or arbitration, and perform other necessary
acts.
Collected 2026-09-14T18:32:36Z. Source file · JSON