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

Okla. Stat. tit. 54, § 54-500-403A: Limited partnership liable for general partner's

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  1. OK Code
  2. 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

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