Okla. Stat. tit. 54, § 54-1-306
This is the official text of Okla. Stat. tit. 54, § 54-1-306, 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's liability
Official statutory text
Partner's liability. (a) Except as otherwise provided in
subsections (b) and (c) of this section, all partners are liable
Oklahoma Statutes - Title 54. Partnership Page 21
jointly and severally for all obligations of the partnership unless
otherwise agreed by the claimant or provided by law.
(b) A person admitted as a partner into an existing partnership
is not personally liable for any partnership obligation incurred
before the person's admission as a partner.
(c) An obligation of a partnership incurred while the
partnership is a limited liability partnership, whether arising in
contract, tort, or otherwise, is solely the obligation of the
partnership. A partner is not personally liable, directly or
indirectly, by way of contribution or otherwise, for such an
obligation solely by reason of being or so acting as a partner.
This subsection applies notwithstanding anything inconsistent in the
partnership agreement that existed immediately before the vote
required to become a limited liability partnership under subsection
(b) of Section 55 of this act.
subsections (b) and (c) of this section, all partners are liable
Oklahoma Statutes - Title 54. Partnership Page 21
jointly and severally for all obligations of the partnership unless
otherwise agreed by the claimant or provided by law.
(b) A person admitted as a partner into an existing partnership
is not personally liable for any partnership obligation incurred
before the person's admission as a partner.
(c) An obligation of a partnership incurred while the
partnership is a limited liability partnership, whether arising in
contract, tort, or otherwise, is solely the obligation of the
partnership. A partner is not personally liable, directly or
indirectly, by way of contribution or otherwise, for such an
obligation solely by reason of being or so acting as a partner.
This subsection applies notwithstanding anything inconsistent in the
partnership agreement that existed immediately before the vote
required to become a limited liability partnership under subsection
(b) of Section 55 of this act.
Status: in_force · Read it on the official government site
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