{"data":{"id":"us-ok/okla.-stat.-tit.-54-54-500-102a","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 54, § 54-500-102A","heading":"Definitions","body":"DEFINITIONS.\n\nIn the Uniform Limited Partnership Act of 2010:\n\n(1) “Certificate of limited partnership” means the certificate\n\nrequired by Section 19 of this act. The term includes the\n\ncertificate as amended or restated.\n\n(2) “Contribution”, except in the phrase “right of\n\ncontribution”, means any benefit provided by a person to a limited\n\npartnership in order to become a partner or in the person’s capacity\n\nas a partner.\n\n(3) “Debtor in bankruptcy” means a person that is the subject\n\nof:\n\n(A) an order for relief under Title 11 of the United\n\nStates Code or a comparable order under a successor\n\nstatute of general application; or\n\n(B) a comparable order under federal, state, or foreign\n\nlaw governing insolvency.\n\n(4) “Designated office” means:\n\n(A) with respect to a limited partnership, the office that\n\nthe limited partnership is required to designate and\n\nmaintain under Section 14 of this act; and\n\n(B) with respect to a foreign limited partnership, its\n\nprincipal office.\n\n(5) “Distribution” means a transfer of money or other property\n\nfrom a limited partnership to a partner in the partner’s capacity as\n\na partner or to a transferee on account of a transferable interest\n\nowned by the transferee.\n\n(6) “Foreign limited liability limited partnership” means a\n\nforeign limited partnership whose general partners have limited\n\nliability for the obligations of the foreign limited partnership\n\nunder a provision similar to subsection (c) of Section 38 of this\n\nact.\n\n(7) “Foreign limited partnership” means a partnership formed\n\nunder the laws of a jurisdiction other than this state and required\n\nby those laws to have one or more general partners and one or more\n\nlimited partners. The term includes a foreign limited liability\n\nlimited partnership.\n\n(8) “General partner” means:\n\n(A) with respect to a limited partnership, a person that:\n\n(i) becomes a general partner under Section 35 of\n\nthis act; or\n\n(ii) was a general partner in a limited partnership\n\nwhen the limited partnership became subject to\n\nthe Uniform Limited Partnership Act of 2010 under\n\nsubsection (a) or (b) of Section 103 of this act;\n\nand\n\n(B) with respect to a foreign limited partnership, a\n\nperson that has rights, powers, and obligations\n\nsimilar to those of a general partner in a limited\n\npartnership.\n\n(9) “Limited liability limited partnership”, except in the\n\nphrase “foreign limited liability limited partnership”, means a\n\nlimited partnership whose certificate of limited partnership states\n\nthat the limited partnership is a limited liability limited\n\npartnership.\n\n(10) “Limited partner” means:\n\n(A) with respect to a limited partnership, a person that:\n\n(i) becomes a limited partner under Section 29 of\n\nthis act; or\n\n(ii) was a limited partner in a limited partnership\n\nwhen the limited partnership became subject to\n\nthe Uniform Limited Partnership Act of 2010 under\n\nsubsection (a) or (b) of Section 103 of this act;\n\nand\n\n(B) with respect to a foreign limited partnership, a\n\nperson that has rights, powers, and obligations\n\nsimilar to those of a limited partner in a limited\n\npartnership.\n\n(11) “Limited partnership”, except in the phrases “foreign\n\nlimited partnership” and “foreign limited liability limited\n\npartnership”, means an entity, having one or more general partners\n\nand one or more limited partners, which is formed under the Uniform\n\nLimited Partnership Act of 2010 by two or more persons or becomes\n\nsubject to the Uniform Limited Partnership Act of 2010 under Article\n\n11 of this act or subsection (a) or (b) of Section 106 of this act.\n\nThe term includes a limited liability limited partnership.\n\n(12) “Partner” means a limited partner or general partner.\n\n(13) “Partnership agreement” means the partners’ agreement,\n\nwhether oral, implied, in a record, or in any combination,\n\nconcerning the limited partnership. The term includes the agreement\n\nas amended.\nArticle\n\n11 of this act or subsection (a) or (b) of Section 106 of this act.\n\nThe term includes a limited liability limited partnership.\n\n(12) “Partner” means a limited partner or general partner.\n\n(13) “Partnership agreement” means the partners’ agreement,\n\nwhether oral, implied, in a record, or in any combination,\n\nconcerning the limited partnership. The term includes the agreement\n\nas amended.\n\n(14) “Person” means an individual; corporation; business trust;\n\nestate; trust; partnership; limited liability company; association;\n\njoint venture; government; governmental subdivision, agency, or\n\ninstrumentality; public corporation; or any other legal or\n\ncommercial entity.\n\n(15) “Person dissociated as a general partner” means a person\n\ndissociated as a general partner of a limited partnership.\n\n(16) “Principal office” means the office where the principal\n\nexecutive office of a limited partnership or foreign limited\n\npartnership is located, whether or not the office is located in this\n\nstate.\n\n(17) “Record” means information that is inscribed on a tangible\n\nmedium or that is stored in an electronic or other medium and is\n\nretrievable in perceivable form.\n\n(18) “Required information” means the information that a\n\nlimited partnership is required to maintain under Section 11 of this\n\nact.\n\n(19) “Sign” means:\n\n(A) to execute or adopt a tangible symbol with the present\n\nintent to authenticate a record; or\n\n(B) to attach or logically associate an electronic symbol,\n\nsound, or process to or with a record with the present\n\nintent to authenticate the record.\n\n(20) “State” means a state of the United States, the District\n\nof Columbia, Puerto Rico, the United States Virgin Islands, or any\n\nterritory or insular possession subject to the jurisdiction of the\n\nUnited States.\n\n(21) “Transfer” includes an assignment, conveyance, deed, bill\n\nof sale, lease, mortgage, security interest, encumbrance, gift, and\n\ntransfer by operation of law.\n\n(22) “Transferable interest” means a partner’s right to receive\n\ndistributions.\n\n(23) “Transferee” means a person to which all or part of a\n\ntransferable interest has been transferred, whether or not the\n\ntransferor is a partner.","path":["OK Code","Title 54"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os54.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"159c78524621785cfece0aa58dc051859ecbbb2446cea85148dcbf7bea103a27","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-54-54-500-101a","next":"us-ok/okla.-stat.-tit.-54-54-500-103a"},"notice":"GroundRules: Original legal text. Not legal advice."}