Okla. Stat. tit. 54, § 54-1-301
This is the official text of Okla. Stat. tit. 54, § 54-1-301, 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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Partner Agent of Partnership
Official statutory text
Partner Agent of Partnership. Subject to the effect of a
statement of partnership authority under Section 15 of this act:
(1) Each partner is an agent of the partnership for the purpose
of its business. An act of a partner, including the execution of an
instrument in the partnership name, for apparently carrying on in
the ordinary course the partnership business or business of the kind
carried on by the partnership binds the partnership, unless the
partner had no authority to act for the partnership in the
particular matter and the person with whom the partner was dealing
knew or had received a notification that the partner lacked
authority.
(2) An act of a partner which is not apparently for carrying on
in the ordinary course the partnership business or business of the
kind carried on by the partnership binds the partnership only if the
act was authorized by the other partners.
Oklahoma Statutes - Title 54. Partnership Page 18
statement of partnership authority under Section 15 of this act:
(1) Each partner is an agent of the partnership for the purpose
of its business. An act of a partner, including the execution of an
instrument in the partnership name, for apparently carrying on in
the ordinary course the partnership business or business of the kind
carried on by the partnership binds the partnership, unless the
partner had no authority to act for the partnership in the
particular matter and the person with whom the partner was dealing
knew or had received a notification that the partner lacked
authority.
(2) An act of a partner which is not apparently for carrying on
in the ordinary course the partnership business or business of the
kind carried on by the partnership binds the partnership only if the
act was authorized by the other partners.
Oklahoma Statutes - Title 54. Partnership Page 18
Status: in_force · Read it on the official government site
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