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

Okla. Stat. tit. 54, § 54-500-805A: Liability after dissolution of general partner and

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  1. OK Code
  2. Title 54

person dissociated as general partner to limited partnership - Other

general partners - Persons dissociated as general partner.

LIABILITY AFTER DISSOLUTION OF GENERAL PARTNER AND PERSON

DISSOCIATED AS GENERAL PARTNER TO LIMITED PARTNERSHIP, OTHER GENERAL

PARTNERS, AND PERSONS DISSOCIATED AS GENERAL PARTNER.

(a) If a general partner having knowledge of the dissolution

causes a limited partnership to incur an obligation under subsection

(a) of Section 66 of this act by an act that is not appropriate for

winding up the partnership’s activities, the general partner is

liable:

(1) to the limited partnership for any damage caused to the

limited partnership arising from the obligation; and

(2) if another general partner or a person dissociated as a

general partner is liable for the obligation, to that other general

partner or person for any damage caused to that other general

partner or person arising from the liability.

(b) If a person dissociated as a general partner causes a

limited partnership to incur an obligation under subsection (b) of

Section 66 of this act, the person is liable:

(1) to the limited partnership for any damage caused to the

limited partnership arising from the obligation; and

(2) if a general partner or another person dissociated as a

general partner is liable for the obligation, to the general partner

or other person for any damage caused to the general partner or

other person arising from the liability.

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

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