Okla. Stat. tit. 54, § 54-500-804A
This is the official text of Okla. Stat. tit. 54, § 54-500-804A, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Power of general partner and person dissociated as
Official statutory text
general partner to bind partnership after dissolution.
POWER OF GENERAL PARTNER AND PERSON DISSOCIATED AS GENERAL
PARTNER TO BIND PARTNERSHIP AFTER DISSOLUTION.
(a) A limited partnership is bound by a general partner’s act
after dissolution which:
(1) is appropriate for winding up the limited partnership’s
activities; or
(2) would have bound the limited partnership under Section 36
of this act before dissolution, if, at the time the other party
Oklahoma Statutes - Title 54. Partnership Page 127
enters into the transaction, the other party does not have notice of
the dissolution.
(b) A person dissociated as a general partner binds a limited
partnership through an act occurring after dissolution if:
(1) at the time the other party enters into the transaction:
(A) less than two (2) years has passed since the
dissociation; and
(B) the other party does not have notice of the
dissociation and reasonably believes that the person
is a general partner; and
(2) the act:
(A) is appropriate for winding up the limited
partnership’s activities; or
(B) would have bound the limited partnership under Section
36 of this act before dissolution and at the time the
other party enters into the transaction the other
party does not have notice of the dissolution.
POWER OF GENERAL PARTNER AND PERSON DISSOCIATED AS GENERAL
PARTNER TO BIND PARTNERSHIP AFTER DISSOLUTION.
(a) A limited partnership is bound by a general partner’s act
after dissolution which:
(1) is appropriate for winding up the limited partnership’s
activities; or
(2) would have bound the limited partnership under Section 36
of this act before dissolution, if, at the time the other party
Oklahoma Statutes - Title 54. Partnership Page 127
enters into the transaction, the other party does not have notice of
the dissolution.
(b) A person dissociated as a general partner binds a limited
partnership through an act occurring after dissolution if:
(1) at the time the other party enters into the transaction:
(A) less than two (2) years has passed since the
dissociation; and
(B) the other party does not have notice of the
dissociation and reasonably believes that the person
is a general partner; and
(2) the act:
(A) is appropriate for winding up the limited
partnership’s activities; or
(B) would have bound the limited partnership under Section
36 of this act before dissolution and at the time the
other party enters into the transaction the other
party does not have notice of the dissolution.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
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.