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

Okla. Stat. tit. 54, § 54-500-404A: General partner's liability

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

GENERAL PARTNER’S LIABILITY.

(a) Except as otherwise provided in subsections (b) and (c) of

this section, all general partners are liable jointly and severally

for all obligations of the limited partnership unless otherwise

agreed by the claimant or provided by law.

(b) A person that becomes a general partner of an existing

limited partnership is not personally liable for an obligation of a

limited partnership incurred before the person became a general

partner.

(c) An obligation of a limited partnership incurred while the

limited partnership is a limited liability limited partnership,

whether arising in contract, tort, or otherwise, is solely the

obligation of the limited partnership. A general partner is not

personally liable, directly or indirectly, by way of contribution or

otherwise, for such an obligation solely by reason of being or

acting as a general partner. This subsection applies despite

anything inconsistent in the partnership agreement that existed

immediately before the consent required to become a limited

liability limited partnership under paragraph (2) of subsection (b)

of Section 40 of this act.

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

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