Okla. Stat. tit. 54, § 54-1-803
This is the official text of Okla. Stat. tit. 54, § 54-1-803, 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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Right to Wind Up Partnership Business
Official statutory text
Right to Wind Up Partnership Business. (a) After dissolution,
a partner who has not wrongfully dissociated may participate in
winding up the partnership's business, but on application of any
partner, partner's legal representative, or transferee, the district
court, for good cause shown, may order judicial supervision of the
winding up.
(b) The legal representative of the last surviving partner may
wind up a partnership's business.
(c) A person winding up a partnership's business may preserve
the partnership business or property as a going concern for a
reasonable time, prosecute and defend actions and proceedings,
whether civil, criminal, or administrative, settle and close the
partnership's business, dispose of and transfer the partnership's
property, discharge the partnership's liabilities, distribute the
assets of the partnership pursuant to Section 46 of this act, settle
Oklahoma Statutes - Title 54. Partnership Page 39
disputes by mediation or arbitration, and perform other necessary
acts.
a partner who has not wrongfully dissociated may participate in
winding up the partnership's business, but on application of any
partner, partner's legal representative, or transferee, the district
court, for good cause shown, may order judicial supervision of the
winding up.
(b) The legal representative of the last surviving partner may
wind up a partnership's business.
(c) A person winding up a partnership's business may preserve
the partnership business or property as a going concern for a
reasonable time, prosecute and defend actions and proceedings,
whether civil, criminal, or administrative, settle and close the
partnership's business, dispose of and transfer the partnership's
property, discharge the partnership's liabilities, distribute the
assets of the partnership pursuant to Section 46 of this act, settle
Oklahoma Statutes - Title 54. Partnership Page 39
disputes by mediation or arbitration, and perform other necessary
acts.
Status: in_force · Read it on the official government site
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