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Okla. Stat. tit. 54, § 54-500-102A

This is the official text of Okla. Stat. tit. 54, § 54-500-102A, 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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Definitions

Official statutory text

DEFINITIONS.

In the Uniform Limited Partnership Act of 2010:

(1) “Certificate of limited partnership” means the certificate

required by Section 19 of this act. The term includes the

certificate as amended or restated.

(2) “Contribution”, except in the phrase “right of

contribution”, means any benefit provided by a person to a limited

partnership in order to become a partner or in the person’s capacity

as a partner.

(3) “Debtor in bankruptcy” means a person that is the subject

of:

(A) an order for relief under Title 11 of the United

States Code or a comparable order under a successor

statute of general application; or

(B) a comparable order under federal, state, or foreign

law governing insolvency.

(4) “Designated office” means:

(A) with respect to a limited partnership, the office that

the limited partnership is required to designate and

maintain under Section 14 of this act; and

(B) with respect to a foreign limited partnership, its

principal office.

(5) “Distribution” means a transfer of money or other property

from a limited partnership to a partner in the partner’s capacity as

a partner or to a transferee on account of a transferable interest

owned by the transferee.

(6) “Foreign limited liability limited partnership” means a

foreign limited partnership whose general partners have limited

liability for the obligations of the foreign limited partnership

under a provision similar to subsection (c) of Section 38 of this

act.

(7) “Foreign limited partnership” means a partnership formed

under the laws of a jurisdiction other than this state and required

by those laws to have one or more general partners and one or more

limited partners. The term includes a foreign limited liability

limited partnership.

(8) “General partner” means:

(A) with respect to a limited partnership, a person that:

(i) becomes a general partner under Section 35 of

this act; or

Oklahoma Statutes - Title 54. Partnership Page 78

(ii) was a general partner in a limited partnership

when the limited partnership became subject to

the Uniform Limited Partnership Act of 2010 under

subsection (a) or (b) of Section 103 of this act;

and

(B) with respect to a foreign limited partnership, a

person that has rights, powers, and obligations

similar to those of a general partner in a limited

partnership.

(9) “Limited liability limited partnership”, except in the

phrase “foreign limited liability limited partnership”, means a

limited partnership whose certificate of limited partnership states

that the limited partnership is a limited liability limited

partnership.

(10) “Limited partner” means:

(A) with respect to a limited partnership, a person that:

(i) becomes a limited partner under Section 29 of

this act; or

(ii) was a limited partner in a limited partnership

when the limited partnership became subject to

the Uniform Limited Partnership Act of 2010 under

subsection (a) or (b) of Section 103 of this act;

and

(B) with respect to a foreign limited partnership, a

person that has rights, powers, and obligations

similar to those of a limited partner in a limited

partnership.

(11) “Limited partnership”, except in the phrases “foreign

limited partnership” and “foreign limited liability limited

partnership”, means an entity, having one or more general partners

and one or more limited partners, which is formed under the Uniform

Limited Partnership Act of 2010 by two or more persons or becomes

subject to the Uniform Limited Partnership Act of 2010 under Article

11 of this act or subsection (a) or (b) of Section 106 of this act.

The term includes a limited liability limited partnership.

(12) “Partner” means a limited partner or general partner.

(13) “Partnership agreement” means the partners’ agreement,

whether oral, implied, in a record, or in any combination,

concerning the limited partnership. The term includes the agreement

as amended.
Article

11 of this act or subsection (a) or (b) of Section 106 of this act.

The term includes a limited liability limited partnership.

(12) “Partner” means a limited partner or general partner.

(13) “Partnership agreement” means the partners’ agreement,

whether oral, implied, in a record, or in any combination,

concerning the limited partnership. The term includes the agreement

as amended.

(14) “Person” means an individual; corporation; business trust;

estate; trust; partnership; limited liability company; association;

joint venture; government; governmental subdivision, agency, or

instrumentality; public corporation; or any other legal or

commercial entity.

(15) “Person dissociated as a general partner” means a person

dissociated as a general partner of a limited partnership.

Oklahoma Statutes - Title 54. Partnership Page 79

(16) “Principal office” means the office where the principal

executive office of a limited partnership or foreign limited

partnership is located, whether or not the office is located in this

state.

(17) “Record” means information that is inscribed on a tangible

medium or that is stored in an electronic or other medium and is

retrievable in perceivable form.

(18) “Required information” means the information that a

limited partnership is required to maintain under Section 11 of this

act.

(19) “Sign” means:

(A) to execute or adopt a tangible symbol with the present

intent to authenticate a record; or

(B) to attach or logically associate an electronic symbol,

sound, or process to or with a record with the present

intent to authenticate the record.

(20) “State” means a state of the United States, the District

of Columbia, Puerto Rico, the United States Virgin Islands, or any

territory or insular possession subject to the jurisdiction of the

United States.

(21) “Transfer” includes an assignment, conveyance, deed, bill

of sale, lease, mortgage, security interest, encumbrance, gift, and

transfer by operation of law.

(22) “Transferable interest” means a partner’s right to receive

distributions.

(23) “Transferee” means a person to which all or part of a

transferable interest has been transferred, whether or not the

transferor is a partner.

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.