Okla. Stat. tit. 54, § 54-1-405
This is the official text of Okla. Stat. tit. 54, § 54-1-405, 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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Actions by Partnership and Partners
Official statutory text
Actions by Partnership and Partners. (a) A partnership may
maintain an action against a partner for a breach of the partnership
agreement, or for the violation of a duty to the partnership,
causing harm to the partnership.
(b) A partner may maintain an action against the partnership or
another partner for legal or equitable relief, with or without an
accounting as to partnership business, to:
(1) enforce the partner's rights under the partnership
agreement;
(2) enforce the partner's rights under this act, including:
(i) the partner's rights under Sections 22, 24, or 25 of
this act;
(ii) the partner's right on dissociation to have the
partner's interest in the partnership purchased
pursuant to Section 35 of this act or enforce any
other right under Article 6 or 7 of this act; or
(iii) the partner's right to compel a dissolution and
winding up of the partnership business under Section
40 of this act or enforce any other right under
Article 8 of this act; or
(3) enforce the rights and otherwise protect the interests of
the partner, including rights and interests arising independently of
the partnership relationship.
(c) The accrual of, and any time limitation on, a right of
action for a remedy under this section is governed by other law. A
right to an accounting upon a dissolution and winding up does not
revive a claim barred by law.
maintain an action against a partner for a breach of the partnership
agreement, or for the violation of a duty to the partnership,
causing harm to the partnership.
(b) A partner may maintain an action against the partnership or
another partner for legal or equitable relief, with or without an
accounting as to partnership business, to:
(1) enforce the partner's rights under the partnership
agreement;
(2) enforce the partner's rights under this act, including:
(i) the partner's rights under Sections 22, 24, or 25 of
this act;
(ii) the partner's right on dissociation to have the
partner's interest in the partnership purchased
pursuant to Section 35 of this act or enforce any
other right under Article 6 or 7 of this act; or
(iii) the partner's right to compel a dissolution and
winding up of the partnership business under Section
40 of this act or enforce any other right under
Article 8 of this act; or
(3) enforce the rights and otherwise protect the interests of
the partner, including rights and interests arising independently of
the partnership relationship.
(c) The accrual of, and any time limitation on, a right of
action for a remedy under this section is governed by other law. A
right to an accounting upon a dissolution and winding up does not
revive a claim barred by law.
Status: in_force · Read it on the official government site
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