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

Okla. Stat. tit. 60, § 60-1609.6: Interest as general partner

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Where this section sits in the code
  1. OK Code
  2. Title 60

A. Except as otherwise provided in subsection C of this section

or unless personal liability is imposed in the contract, a trustee

who holds an interest as a general partner in a general or limited

partnership is not personally liable on a contract entered into by

the partnership after the trust's acquisition of the interest if the

fiduciary capacity was disclosed in the contract or in a statement

previously filed pursuant to the Oklahoma Revised Uniform

Partnership Act or Oklahoma Uniform Limited Partnership Act of 2010.

B. Except as otherwise provided in subsection C of this

section, a trustee who holds an interest as a general partner is not

personally liable for torts committed by the partnership or for

obligations arising from ownership or control of the interest unless

the trustee is personally at fault.

C. The immunity provided by this section does not apply if an

interest in the partnership is held by the trustee in a capacity

other than that of trustee or is held by the trustee's spouse or one

or more of the trustee's descendants, siblings, or parents, or the

spouse of any of them.

D. Except as otherwise provided by Oklahoma law, if the trustee

of a revocable trust holds an interest as a general partner, the

settlor is personally liable for contracts and other obligations of

the partnership as if the settlor were a general partner.

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

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