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

Okla. Stat. tit. 54, § 54-500-402A: General partner agent of limited partnership

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 54

GENERAL PARTNER AGENT OF LIMITED PARTNERSHIP.

(a) Each general partner is an agent of the limited partnership

for the purposes of its activities. An act of a general partner,

including the signing of a record in the partnership’s name, for

apparently carrying on in the ordinary course the limited

partnership’s activities or activities of the kind carried on by the

limited partnership binds the limited partnership, unless the

general partner did not have authority to act for the limited

partnership in the particular matter and the person with which the

general partner was dealing knew, had received a notification, or

had notice under subsection (d) of Section 3 of this act that the

general partner lacked authority.

(b) An act of a general partner which is not apparently for

carrying on in the ordinary course the limited partnership’s

activities or activities of the kind carried on by the limited

partnership binds the limited partnership only if the act was

actually authorized by all the other partners.

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

Browse this collection