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Okla. Stat. tit. 54, § 54-1-802

This is the official text of Okla. Stat. tit. 54, § 54-1-802, 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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Partnership Continues After Dissolution

Official statutory text

Partnership Continues After Dissolution. (a) Subject to

subsection (b) of this section, a partnership continues after

dissolution only for the purpose of winding up its business. The

partnership is terminated when the winding up of its business is

completed.

(b) At any time after the dissolution of a partnership and

before the winding up of its business is completed, all of the

partners, including any dissociating partner other than a wrongfully

dissociating partner, may waive the right to have the partnership's

business wound up and the partnership terminated.

In that event:

(1) the partnership resumes carrying on its business as if

dissolution had never occurred, and any liability incurred by the

partnership or a partner after the dissolution and before the waiver

is determined as if dissolution had never occurred; and

(2) the rights of a third party accruing under paragraph (1) of

Section 43 of this act or arising out of conduct in reliance on the

dissolution before the third party knew or received a notification

of the waiver may not be adversely affected.

Status: in_force · Read it on the official government site

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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.