Okla. Stat. tit. 54, § 54-1-504
This is the official text of Okla. Stat. tit. 54, § 54-1-504, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Partner's Transferable Interest Subject to Charging
Official statutory text
Order.
Partner's Transferable Interest Subject to Charging Order. (a)
On application by a judgment creditor of a partner or of a partner's
transferee, a court having jurisdiction may charge the transferable
interest of the judgment debtor to satisfy the judgment. The court
may appoint a receiver of the share of the distributions due or to
become due to the judgment debtor in respect of the partnership and
make all other orders, directions, accounts, and inquiries the
judgment debtor might have made or which the circumstances of the
case may require.
(b) A charging order constitutes a lien on the judgment
debtor's transferable interest in the partnership. The court may
order a foreclosure of the interest subject to the charging order at
any time. The purchaser at the foreclosure sale has the rights of a
transferee.
(c) At any time before foreclosure, an interest charged may be
redeemed:
(1) by the judgment debtor;
(2) with property other than partnership property, by one or
more of the other partners; or
(3) with partnership property, by one or more of the other
partners with the consent of all of the partners whose interests are
not so charged.
(d) This act does not deprive a partner of a right under
exemption laws with respect to the partner's interest in the
partnership.
(e) This section provides the exclusive remedy by which a
judgment creditor of a partner or partner's transferee may satisfy a
judgment out of the judgment debtor's transferable interest in the
partnership.
Partner's Transferable Interest Subject to Charging Order. (a)
On application by a judgment creditor of a partner or of a partner's
transferee, a court having jurisdiction may charge the transferable
interest of the judgment debtor to satisfy the judgment. The court
may appoint a receiver of the share of the distributions due or to
become due to the judgment debtor in respect of the partnership and
make all other orders, directions, accounts, and inquiries the
judgment debtor might have made or which the circumstances of the
case may require.
(b) A charging order constitutes a lien on the judgment
debtor's transferable interest in the partnership. The court may
order a foreclosure of the interest subject to the charging order at
any time. The purchaser at the foreclosure sale has the rights of a
transferee.
(c) At any time before foreclosure, an interest charged may be
redeemed:
(1) by the judgment debtor;
(2) with property other than partnership property, by one or
more of the other partners; or
(3) with partnership property, by one or more of the other
partners with the consent of all of the partners whose interests are
not so charged.
(d) This act does not deprive a partner of a right under
exemption laws with respect to the partner's interest in the
partnership.
(e) This section provides the exclusive remedy by which a
judgment creditor of a partner or partner's transferee may satisfy a
judgment out of the judgment debtor's transferable interest in the
partnership.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.