Okla. Stat. tit. 54, § 54-500-502A
This is the official text of Okla. Stat. tit. 54, § 54-500-502A, 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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Liability for contribution
Official statutory text
LIABILITY FOR CONTRIBUTION.
(a) A partner’s obligation to contribute money or other
property or other benefit to, or to perform services for, a limited
partnership is not excused by the partner’s death, disability, or
other inability to perform personally.
(b) If a partner does not make a promised nonmonetary
contribution, the partner is obligated at the option of the limited
partnership to contribute money equal to that portion of the value,
as stated in the required information, of the stated contribution
which has not been made.
(c) The obligation of a partner to make a contribution or
return money or other property paid or distributed in violation of
the Uniform Limited Partnership Act of 2010 may be compromised only
by consent of all partners. A creditor of a limited partnership
which extends credit or otherwise acts in reliance on an obligation
described in subsection (a) of this section, without notice of any
compromise under this subsection, may enforce the original
obligation.
(a) A partner’s obligation to contribute money or other
property or other benefit to, or to perform services for, a limited
partnership is not excused by the partner’s death, disability, or
other inability to perform personally.
(b) If a partner does not make a promised nonmonetary
contribution, the partner is obligated at the option of the limited
partnership to contribute money equal to that portion of the value,
as stated in the required information, of the stated contribution
which has not been made.
(c) The obligation of a partner to make a contribution or
return money or other property paid or distributed in violation of
the Uniform Limited Partnership Act of 2010 may be compromised only
by consent of all partners. A creditor of a limited partnership
which extends credit or otherwise acts in reliance on an obligation
described in subsection (a) of this section, without notice of any
compromise under this subsection, may enforce the original
obligation.
Status: in_force · Read it on the official government site
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