Okla. Stat. tit. 54, § 54-1-1206
This is the official text of Okla. Stat. tit. 54, § 54-1-1206, 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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Applicability
Official statutory text
Applicability. (a) Before November 1, 1998, the Oklahoma
Revised Uniform Partnership Act governs only:
(1) a partnership or limited liability partnership formed on or
after November 1, 1997, unless that partnership or limited liability
partnership is continuing the business of a dissolved partnership or
limited liability partnership; and
Oklahoma Statutes - Title 54. Partnership Page 53
(2) a partnership or limited liability partnership formed
before November 1, 1997, that elects, as provided by subsection (c)
of this section, to be governed by the Oklahoma Revised Uniform
Partnership Act.
(b) On and after November 1, 1998, the Oklahoma Revised Uniform
Partnership Act governs all partnerships and limited liability
partnerships.
(c) Before November 1, 1998, a partnership or limited liability
partnership voluntarily may elect, in the manner provided in its
partnership agreement or by law for amending the partnership
agreement, to be governed by the Oklahoma Revised Uniform
Partnership Act. The provisions of the Oklahoma Revised Uniform
Partnership Act relating to the liability of the partnership's
partners to third parties apply to limit those partners' liability
to a third party who had done business with the partnership or
limited liability partnership within one (1) year preceding the
election to be governed by the Oklahoma Revised Uniform Partnership
Act only if the third party knows or has received a notification of
the election to be governed by the Oklahoma Revised Uniform
Partnership Act.
(d) Before November 1, 1998, a partnership or limited liability
partnership continues to be governed by the law in effect prior to
November 1, 1997.
Revised Uniform Partnership Act governs only:
(1) a partnership or limited liability partnership formed on or
after November 1, 1997, unless that partnership or limited liability
partnership is continuing the business of a dissolved partnership or
limited liability partnership; and
Oklahoma Statutes - Title 54. Partnership Page 53
(2) a partnership or limited liability partnership formed
before November 1, 1997, that elects, as provided by subsection (c)
of this section, to be governed by the Oklahoma Revised Uniform
Partnership Act.
(b) On and after November 1, 1998, the Oklahoma Revised Uniform
Partnership Act governs all partnerships and limited liability
partnerships.
(c) Before November 1, 1998, a partnership or limited liability
partnership voluntarily may elect, in the manner provided in its
partnership agreement or by law for amending the partnership
agreement, to be governed by the Oklahoma Revised Uniform
Partnership Act. The provisions of the Oklahoma Revised Uniform
Partnership Act relating to the liability of the partnership's
partners to third parties apply to limit those partners' liability
to a third party who had done business with the partnership or
limited liability partnership within one (1) year preceding the
election to be governed by the Oklahoma Revised Uniform Partnership
Act only if the third party knows or has received a notification of
the election to be governed by the Oklahoma Revised Uniform
Partnership Act.
(d) Before November 1, 1998, a partnership or limited liability
partnership continues to be governed by the law in effect prior to
November 1, 1997.
Status: in_force · Read it on the official government site
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