Okla. Stat. tit. 54, § 54-500-602A
This is the official text of Okla. Stat. tit. 54, § 54-500-602A, 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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Effect of dissociation as limited partner
Official statutory text
EFFECT OF DISSOCIATION AS LIMITED PARTNER.
(a) Upon a person’s dissociation as a limited partner:
(1) subject to Section 62 of this act, the person does not have
further rights as a limited partner;
(2) the person’s obligation of good faith and fair dealing as a
limited partner under subsection (b) of Section 33 of this act
continues only as to matters arising and events occurring before the
dissociation; and
(3) subject to Section 62 of this act and Article 11 of this
act, any transferable interest owned by the person in the person’s
capacity as a limited partner immediately before dissociation is
owned by the person as a mere transferee.
(b) A person’s dissociation as a limited partner does not of
itself discharge the person from any obligation to the limited
partnership or the other partners which the person incurred while a
limited partner.
(a) Upon a person’s dissociation as a limited partner:
(1) subject to Section 62 of this act, the person does not have
further rights as a limited partner;
(2) the person’s obligation of good faith and fair dealing as a
limited partner under subsection (b) of Section 33 of this act
continues only as to matters arising and events occurring before the
dissociation; and
(3) subject to Section 62 of this act and Article 11 of this
act, any transferable interest owned by the person in the person’s
capacity as a limited partner immediately before dissociation is
owned by the person as a mere transferee.
(b) A person’s dissociation as a limited partner does not of
itself discharge the person from any obligation to the limited
partnership or the other partners which the person incurred while a
limited partner.
Status: in_force · Read it on the official government site
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