Okla. Stat. tit. 54, § 54-1-101

Definitions.

As used in this act:

(1) "Business" includes every trade, occupation, and

profession.

(2) "Debtor in bankruptcy" means a person who is the subject

of:

(i) an order for relief under Title 11 of the United

States Code or a comparable order under a successor

statute of general application; or

(ii) a comparable order under federal, state, or foreign

law governing insolvency.

(3) "Distribution" means a transfer of money or other property

from a partnership to a partner in the partner's capacity as a

partner or to the partner's transferee.

(4) "Foreign limited liability partnership" means a partnership

that:

(i) is formed under laws other than the laws of this

state; and

(ii) has the status of a limited liability partnership

under those laws.

(5) "Limited liability partnership" means a partnership that

has filed a statement of qualification under Section 55 of this act

and does not have a similar statement in effect in any other

jurisdiction.

(6) "Partnership" means an association of two or more persons

to carry on as co-owners a business for profit formed under Section

10 of this act, predecessor law, or comparable law of another

jurisdiction.

(7) "Partnership agreement" means the agreement, whether

written, oral, or implied, among the partners concerning the

partnership, including amendments to the partnership agreement; and

a partnership agreement binds a partner of a partnership or a

transferee of an economic interest regardless of whether the partner

or transferee executes the partnership agreement.

Oklahoma Statutes - Title 54. Partnership Page 11

(8) "Partnership at will" means a partnership in which the

partners have not agreed to remain partners until the expiration of

a definite term or the completion of a particular undertaking.

(9) "Partnership interest" or "partner's interest in the

partnership" means all of a partner's interests in the partnership,

including the partner's transferable interest and all management and

other rights.

(10) "Person" means an individual, corporation, business trust,

estate, trust, partnership, association, joint venture, limited

liability company, government, governmental subdivision, agency, or

instrumentality, or any other legal or commercial entity.

(11) "Property" means all property, real, personal, or mixed,

tangible or intangible, or any interest therein.

(12) "State" means a state of the United States, the District

of Columbia, the Commonwealth of Puerto Rico, or any territory or

insular possession subject to the jurisdiction of the United States.

(13) "Statement" means a statement of partnership authority

under Section 15 of this act, a statement of denial under Section 16

of this act, a statement of dissociation under Section 38 of this

act, a statement of dissolution under Section 44 of this act, a

statement of merger under Section 53 of this act, a statement of

qualification under Section 55 of this act, a statement of foreign

qualification under Section 58 of this act, or an amendment or

cancellation of any of the foregoing.

(14) "Transfer" includes an assignment, conveyance, lease,

mortgage, deed, and encumbrance.