Okla. Stat. tit. 54, § 54-500-1203A

APPLICATION TO EXISTING RELATIONSHIPS.

(a) Before July 1, 2011, the Uniform Limited Partnership Act of

2010 governs only:

(1) a limited partnership formed on or after January 1, 2011;

and

(2) except as otherwise provided in subsections (c) and (d) of

this section, a limited partnership formed before January 1, 2011,

which elects, in the manner provided in its partnership agreement or

by law for amending the partnership agreement, to be subject to the

Uniform Limited Partnership Act of 2010.

(b) Except as otherwise provided in subsection (c) of this

section, on and after July 1, 2011, the Uniform Limited Partnership

Act of 2010 governs all limited partnerships.

(c) With respect to a limited partnership formed before January

1, 2011, the following rules apply except as the partners otherwise

elect in the manner provided in the partnership agreement or by law

for amending the partnership agreement:

(1) Subsection (c) of Section 4 of this act does not apply and

the limited partnership has whatever duration it had under the law

applicable immediately before January 1, 2011.

Oklahoma Statutes - Title 54. Partnership Page 154

(2) The limited partnership is not required to amend its

certificate of limited partnership to comply with paragraph (4) of

subsection (a) of Section 19 of this act.

(3) Sections 52 and 53 of this act do not apply and a limited

partner has the same right and power to dissociate from the limited

partnership, with the same consequences, as existed immediately

before January 1, 2011.

(4) Paragraph (4) of Section 54 of this act does not apply.

(5) Paragraph (5) of Section 54 of this act does not apply and

a court has the same power to expel a general partner as the court

had immediately before January 1, 2011.

(6) Paragraph (3) of Section 63 of this act does not apply and

the connection between a person’s dissociation as a general partner

and the dissolution of the limited partnership is the same as

existed immediately before January 1, 2011.

(d) With respect to a limited partnership that elects pursuant

to paragraph (2) of subsection (a) of this section to be subject to

the Uniform Limited Partnership Act of 2010, after the election

takes effect the provisions of the Uniform Limited Partnership Act

of 2010 relating to the liability of the limited partnership’s

general partners to third parties apply:

(1) before July 1, 2011, to:

(A) a third party that had not done business with the

limited partnership in the year before the election

took effect; and

(B) a third party that had done business with the limited

partnership in the year before the election took

effect only if the third party knows or has received a

notification of the election; and

(2) on and after July 1, 2011, to all third parties, but those

provisions remain inapplicable to any obligation incurred while

those provisions were inapplicable under subparagraph (B) of

paragraph (1) of this subsection.