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Okla. Stat. tit. 54, § 54-500-703A

This is the official text of Okla. Stat. tit. 54, § 54-500-703A, 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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Rights of creditor of partner or transferee

Official statutory text

RIGHTS OF CREDITOR OF PARTNER OR TRANSFEREE.

(a) On application to a court of competent jurisdiction by any

judgment creditor of a partner or transferee, the court may charge

the transferable interest of the judgment debtor with payment of the

unsatisfied amount of the judgment with interest. To the extent so

charged, the judgment creditor has only the rights of a transferee.

The court may appoint a receiver of the share of the distributions

due or to become due to the judgment debtor in respect of the

partnership and make all other orders, directions, accounts, and

inquiries the judgment debtor might have made or which the

circumstances of the case may require to give effect to the charging

order.

(b) A charging order constitutes a lien on the judgment

debtor’s transferable interest. The court may order a foreclosure

upon the interest subject to the charging order at any time. The

purchaser at the foreclosure sale has the rights of a transferee.

(c) At any time before foreclosure, an interest charged may be

redeemed:

(1) by the judgment debtor;

(2) with property other than limited partnership property, by

one or more of the other partners; or

(3) with limited partnership property, by the limited

partnership with the consent of all partners whose interests are not

so charged.

(d) The Uniform Limited Partnership Act of 2010 does not

deprive any partner or transferee of the benefit of any exemption

Oklahoma Statutes - Title 54. Partnership Page 124

laws applicable to the partner’s or transferee’s transferable

interest.

(e) This section provides the exclusive remedy by which a

judgment creditor of a partner or transferee may satisfy a judgment

out of the judgment debtor’s transferable interest.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.