Okla. Stat. tit. 54, § 54-500-403A: Limited partnership liable for general partner's
Where this section sits in the code
- OK Code
- Title 54
actionable conduct.
LIMITED PARTNERSHIP LIABLE FOR GENERAL PARTNER’S ACTIONABLE
CONDUCT.
(a) A limited partnership is liable for loss or injury caused
to a person, or for a penalty incurred, as a result of a wrongful
act or omission, or other actionable conduct, of a general partner
acting in the ordinary course of activities of the limited
partnership or with authority of the limited partnership.
(b) If, in the course of the limited partnership’s activities
or while acting with authority of the limited partnership, a general
partner receives or causes the limited partnership to receive money
or property of a person not a partner, and the money or property is
misapplied by a general partner, the limited partnership is liable
for the loss.
Collected 2026-09-14T18:32:36Z. Source file · JSON