Okla. Stat. tit. 54, § 54-500-305A
This is the official text of Okla. Stat. tit. 54, § 54-500-305A, 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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Limited duties of limited partners
Official statutory text
LIMITED DUTIES OF LIMITED PARTNERS.
(a) A limited partner does not have any fiduciary duty to the
limited partnership or to any other partner solely by reason of
being a limited partner.
(b) A limited partner shall discharge the duties to the
partnership and the other partners under the Uniform Limited
Partnership Act of 2010 or under the partnership agreement and
exercise any rights consistently with the obligation of good faith
and fair dealing.
(c) A limited partner does not violate a duty or obligation
under the Uniform Limited Partnership Act of 2010 or under the
partnership agreement merely because the limited partner’s conduct
furthers the limited partner’s own interest.
(a) A limited partner does not have any fiduciary duty to the
limited partnership or to any other partner solely by reason of
being a limited partner.
(b) A limited partner shall discharge the duties to the
partnership and the other partners under the Uniform Limited
Partnership Act of 2010 or under the partnership agreement and
exercise any rights consistently with the obligation of good faith
and fair dealing.
(c) A limited partner does not violate a duty or obligation
under the Uniform Limited Partnership Act of 2010 or under the
partnership agreement merely because the limited partner’s conduct
furthers the limited partner’s own interest.
Status: in_force · Read it on the official government site
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