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

Okla. Stat. tit. 54, § 54-500-502A: Liability for contribution

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  1. OK Code
  2. Title 54

LIABILITY FOR CONTRIBUTION.

(a) A partner’s obligation to contribute money or other

property or other benefit to, or to perform services for, a limited

partnership is not excused by the partner’s death, disability, or

other inability to perform personally.

(b) If a partner does not make a promised nonmonetary

contribution, the partner is obligated at the option of the limited

partnership to contribute money equal to that portion of the value,

as stated in the required information, of the stated contribution

which has not been made.

(c) The obligation of a partner to make a contribution or

return money or other property paid or distributed in violation of

the Uniform Limited Partnership Act of 2010 may be compromised only

by consent of all partners. A creditor of a limited partnership

which extends credit or otherwise acts in reliance on an obligation

described in subsection (a) of this section, without notice of any

compromise under this subsection, may enforce the original

obligation.

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

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