Okla. Stat. tit. 54, § 54-500-402A
This is the official text of Okla. Stat. tit. 54, § 54-500-402A, 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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General partner agent of limited partnership
Official statutory text
GENERAL PARTNER AGENT OF LIMITED PARTNERSHIP.
(a) Each general partner is an agent of the limited partnership
for the purposes of its activities. An act of a general partner,
including the signing of a record in the partnership’s name, for
apparently carrying on in the ordinary course the limited
partnership’s activities or activities of the kind carried on by the
limited partnership binds the limited partnership, unless the
general partner did not have authority to act for the limited
partnership in the particular matter and the person with which the
general partner was dealing knew, had received a notification, or
had notice under subsection (d) of Section 3 of this act that the
general partner lacked authority.
(b) An act of a general partner which is not apparently for
carrying on in the ordinary course the limited partnership’s
activities or activities of the kind carried on by the limited
partnership binds the limited partnership only if the act was
actually authorized by all the other partners.
(a) Each general partner is an agent of the limited partnership
for the purposes of its activities. An act of a general partner,
including the signing of a record in the partnership’s name, for
apparently carrying on in the ordinary course the limited
partnership’s activities or activities of the kind carried on by the
limited partnership binds the limited partnership, unless the
general partner did not have authority to act for the limited
partnership in the particular matter and the person with which the
general partner was dealing knew, had received a notification, or
had notice under subsection (d) of Section 3 of this act that the
general partner lacked authority.
(b) An act of a general partner which is not apparently for
carrying on in the ordinary course the limited partnership’s
activities or activities of the kind carried on by the limited
partnership binds the limited partnership only if the act was
actually authorized by all the other partners.
Status: in_force · Read it on the official government site
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