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

Okla. Stat. tit. 54, § 54-500-703A: Rights of creditor of partner or transferee

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

RIGHTS OF CREDITOR OF PARTNER OR TRANSFEREE.

(a) On application to a court of competent jurisdiction by any

judgment creditor of a partner or transferee, the court may charge

the transferable interest of the judgment debtor with payment of the

unsatisfied amount of the judgment with interest. To the extent so

charged, the judgment creditor has only the rights of a transferee.

The court may appoint a receiver of the share of the distributions

due or to become due to the judgment debtor in respect of the

partnership and make all other orders, directions, accounts, and

inquiries the judgment debtor might have made or which the

circumstances of the case may require to give effect to the charging

order.

(b) A charging order constitutes a lien on the judgment

debtor’s transferable interest. The court may order a foreclosure

upon the interest subject to the charging order at any time. The

purchaser at the foreclosure sale has the rights of a transferee.

(c) At any time before foreclosure, an interest charged may be

redeemed:

(1) by the judgment debtor;

(2) with property other than limited partnership property, by

one or more of the other partners; or

(3) with limited partnership property, by the limited

partnership with the consent of all partners whose interests are not

so charged.

(d) The Uniform Limited Partnership Act of 2010 does not

deprive any partner or transferee of the benefit of any exemption

laws applicable to the partner’s or transferee’s transferable

interest.

(e) This section provides the exclusive remedy by which a

judgment creditor of a partner or transferee may satisfy a judgment

out of the judgment debtor’s transferable interest.

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

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