Okla. Stat. tit. 54, § 54-500-702A

TRANSFER OF PARTNER’S TRANSFERABLE INTEREST.

(a) A transfer, in whole or in part, of a partner’s

transferable interest:

(1) is permissible;

(2) does not by itself cause the partner’s dissociation or a

dissolution and winding up of the limited partnership’s activities;

and

(3) does not, as against the other partners or the limited

partnership, entitle the transferee to participate in the management

or conduct of the limited partnership’s activities, to require

access to information concerning the limited partnership’s

transactions except as otherwise provided in subsection (c) of this

section, or to inspect or copy the required information or the

limited partnership’s other records.

(b) A transferee has a right to receive, in accordance with the

transfer:

(1) distributions to which the transferor would otherwise be

entitled; and

(2) upon the dissolution and winding up of the limited

partnership’s activities the net amount otherwise distributable to

the transferor.

(c) In a dissolution and winding up, a transferee is entitled

to an account of the limited partnership’s transactions only from

the date of dissolution.

(d) Upon transfer, the transferor retains the rights of a

partner other than the interest in distributions transferred and

retains all duties and obligations of a partner.

Oklahoma Statutes - Title 54. Partnership Page 123

(e) A limited partnership need not give effect to a

transferee’s rights under this section until the limited partnership

has notice of the transfer.

(f) A transfer of a partner’s transferable interest in the

limited partnership in violation of a restriction on transfer

contained in the partnership agreement is ineffective as to a person

having notice of the restriction at the time of transfer.

(g) A transferee that becomes a partner with respect to a

transferable interest is liable for the transferor’s obligations

under Sections 44 and 51 of this act. However, the transferee is

not obligated for liabilities unknown to the transferee at the time

the transferee became a partner.