Okla. Stat. tit. 54, § 54-1-1001
This is the official text of Okla. Stat. tit. 54, § 54-1-1001, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Nature and purpose - Statement of qualification
Official statutory text
Nature and Purpose; Statement of Qualification.
(a) A limited liability partnership is a partnership under the
laws of this state and may engage in any business in this state in
which a partnership may engage including, but not limited to, the
rendering of professional services as defined in paragraph 6 of
subsection A of Section 803 of Title 18 of the Oklahoma Statutes or
the rendering of related professional services as defined in
paragraph 7 of subsection A of Section 803 of Title 18 of the
Oklahoma Statutes.
(b) A partnership may become a limited liability partnership
pursuant to this section.
(c) The terms and conditions on which a partnership becomes a
limited liability partnership must be approved by the vote necessary
Oklahoma Statutes - Title 54. Partnership Page 49
to amend the partnership agreement except, in the case of a
partnership agreement that expressly considers obligations to
contribute to the partnership, by the vote necessary to amend those
provisions.
(d) After the approval required by subsection (c) of this
section, a partnership may become a limited liability partnership by
filing a statement of qualification with the Secretary of State.
The statement must contain:
(1) the name of the partnership;
(2) the street address of the partnership's chief executive
office and, if different, the street address of an office of the
partnership in this state, if any;
(3) if the partnership does not have an office in this state,
the name and street address of the partnership's agent for service
of process;
(4) a statement that the partnership elects to be a limited
liability partnership; and
(5) a deferred effective date, if any.
(e) The agent of a limited liability partnership for service of
process must be an individual resident of this state, a domestic
corporation, limited liability company, limited partnership, or
limited liability partnership; or a foreign corporation, limited
liability company, limited partnership, or limited liability
partnership having a place of business and authorized to do business
in this state.
(f) The status of a partnership as a limited liability
partnership is effective on the later of the filing of the statement
or a date specified in the statement. The status remains effective,
regardless of changes in the partnership, until it is canceled
pursuant to subsection (d) of Section 1-105 of this title. A
statement of dissolution filed under Section 1-805 of this title
effects a cancellation upon completion of the partnership’s winding
up. For purposes of this subsection (f) of this section only, the
winding up is presumed to be complete on the first anniversary of
the filing of the statement of dissolution, which may be rebutted by
the prior filing of a statement indicating that the partnership is
continuing.
(g) The status of a partnership as a limited liability
partnership and the liability of its partners is not affected by
errors or later changes in the information required to be contained
in the statement of qualification under subsection (c) of this
section.
(h) The filing of a statement of qualification establishes that
a partnership has satisfied all conditions precedent to the
qualification of the partnership as a limited liability partnership.
Oklahoma Statutes - Title 54. Partnership Page 50
(i) An amendment or cancellation of a statement of
qualification is effective when it is filed or on a deferred
effective date specified in the amendment or cancellation.
(a) A limited liability partnership is a partnership under the
laws of this state and may engage in any business in this state in
which a partnership may engage including, but not limited to, the
rendering of professional services as defined in paragraph 6 of
subsection A of Section 803 of Title 18 of the Oklahoma Statutes or
the rendering of related professional services as defined in
paragraph 7 of subsection A of Section 803 of Title 18 of the
Oklahoma Statutes.
(b) A partnership may become a limited liability partnership
pursuant to this section.
(c) The terms and conditions on which a partnership becomes a
limited liability partnership must be approved by the vote necessary
Oklahoma Statutes - Title 54. Partnership Page 49
to amend the partnership agreement except, in the case of a
partnership agreement that expressly considers obligations to
contribute to the partnership, by the vote necessary to amend those
provisions.
(d) After the approval required by subsection (c) of this
section, a partnership may become a limited liability partnership by
filing a statement of qualification with the Secretary of State.
The statement must contain:
(1) the name of the partnership;
(2) the street address of the partnership's chief executive
office and, if different, the street address of an office of the
partnership in this state, if any;
(3) if the partnership does not have an office in this state,
the name and street address of the partnership's agent for service
of process;
(4) a statement that the partnership elects to be a limited
liability partnership; and
(5) a deferred effective date, if any.
(e) The agent of a limited liability partnership for service of
process must be an individual resident of this state, a domestic
corporation, limited liability company, limited partnership, or
limited liability partnership; or a foreign corporation, limited
liability company, limited partnership, or limited liability
partnership having a place of business and authorized to do business
in this state.
(f) The status of a partnership as a limited liability
partnership is effective on the later of the filing of the statement
or a date specified in the statement. The status remains effective,
regardless of changes in the partnership, until it is canceled
pursuant to subsection (d) of Section 1-105 of this title. A
statement of dissolution filed under Section 1-805 of this title
effects a cancellation upon completion of the partnership’s winding
up. For purposes of this subsection (f) of this section only, the
winding up is presumed to be complete on the first anniversary of
the filing of the statement of dissolution, which may be rebutted by
the prior filing of a statement indicating that the partnership is
continuing.
(g) The status of a partnership as a limited liability
partnership and the liability of its partners is not affected by
errors or later changes in the information required to be contained
in the statement of qualification under subsection (c) of this
section.
(h) The filing of a statement of qualification establishes that
a partnership has satisfied all conditions precedent to the
qualification of the partnership as a limited liability partnership.
Oklahoma Statutes - Title 54. Partnership Page 50
(i) An amendment or cancellation of a statement of
qualification is effective when it is filed or on a deferred
effective date specified in the amendment or cancellation.
Status: in_force · Read it on the official government site
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