GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 54, § 54-1-803: Right to Wind Up Partnership Business

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. 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

Browse this collection