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

Okla. Stat. tit. 54, § 54-500-604A: Person's power to dissociate as general partner -

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  1. OK Code
  2. Title 54

Wrongful dissociation.

PERSON’S POWER TO DISSOCIATE AS GENERAL PARTNER; WRONGFUL

DISSOCIATION.

(a) A person has the power to dissociate as a general partner

at any time, rightfully or wrongfully, by express will pursuant to

paragraph (1) of Section 54 of this act.

(b) A person’s dissociation as a general partner is wrongful

only if:

(1) it is in breach of an express provision of the partnership

agreement; or

(2) it occurs before the cessation of the limited partnership,

and:

(A) the person withdraws as a general partner by express

will;

(B) the person is expelled as a general partner by

judicial determination under paragraph (5) of Section

54 of this act;

(C) the person is dissociated as a general partner by

becoming a debtor in bankruptcy; or

(D) in the case of a person that is not an individual,

trust other than a business trust, or estate, the

person is expelled or otherwise dissociated as a

general partner because it willfully dissolved or

terminated.

(c) A person that wrongfully dissociates as a general partner

is liable to the limited partnership and, subject to Section 83 of

this act, to the other partners for damages caused by the

dissociation. The liability is in addition to any other obligation

of the general partner to the limited partnership or to the other

partners.

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

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