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

Okla. Stat. tit. 54, § 54-500-304A: Right of limited partner and former limited partner

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

to information.

RIGHT OF LIMITED PARTNER AND FORMER LIMITED PARTNER TO

INFORMATION.

(a) On ten (10) days’ demand, made in a record received by the

limited partnership, a limited partner may inspect and copy required

information during regular business hours in the limited

partnership’s designated office. The limited partner need not have

any particular purpose for seeking the information.

(b) During regular business hours and at a reasonable location

specified by the limited partnership, a limited partner may obtain

from the limited partnership and inspect and copy true and full

information regarding the state of the activities and financial

condition of the limited partnership and other information regarding

the activities of the limited partnership as is just and reasonable

if:

(1) the limited partner seeks the information for a purpose

reasonably related to the partner’s interest as a limited partner;

(2) the limited partner makes a demand in a record received by

the limited partnership, describing with reasonable particularity

the information sought and the purpose for seeking the information;

and

(3) the information sought is directly connected to the limited

partner’s purpose.

(c) Within ten (10) days after receiving a demand pursuant to

subsection (b) of this section, the limited partnership in a record

shall inform the limited partner that made the demand:

(1) what information the limited partnership will provide in

response to the demand;

(2) when and where the limited partnership will provide the

information; and

(3) if the limited partnership declines to provide any demanded

information, the limited partnership’s reasons for declining.

(d) Subject to subsection (f) of this section, a person

dissociated as a limited partner may inspect and copy required

information during regular business hours in the limited

partnership’s designated office if:

(1) the information pertains to the period during which the

person was a limited partner;

(2) the person seeks the information in good faith; and

(3) the person meets the requirements of subsection (b) of this

section.

(e) The limited partnership shall respond to a demand made

pursuant to subsection (d) of this section in the same manner as

provided in subsection (c) of this section.

(f) If a limited partner dies, Section 62 of this act applies.

(g) The limited partnership may impose reasonable restrictions

on the use of information obtained under this section. In a dispute

concerning the reasonableness of a restriction under this

subsection, the limited partnership has the burden of proving

reasonableness.

(h) A limited partnership may charge a person that makes a

demand under this section reasonable costs of copying, limited to

the costs of labor and material.

(i) Whenever the Uniform Limited Partnership Act of 2010 or a

partnership agreement provides for a limited partner to give or

withhold consent to a matter, before the consent is given or

withheld, the limited partnership shall, without demand, provide the

limited partner with all information material to the limited

partner’s decision that the limited partnership knows.

(j) A limited partner or person dissociated as a limited

partner may exercise the rights under this section through an

attorney or other agent. Any restriction imposed under subsection

(g) of this section or by the partnership agreement applies both to

the attorney or other agent and to the limited partner or person

dissociated as a limited partner.

(k) The rights stated in this section do not extend to a person

as transferee, but may be exercised by the legal representative of

an individual under legal disability who is a limited partner or

person dissociated as a limited partner.

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

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