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Okla. Stat. tit. 54, § 54-500-806A

This is the official text of Okla. Stat. tit. 54, § 54-500-806A, 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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Known claims against dissolved limited partnership

Official statutory text

KNOWN CLAIMS AGAINST DISSOLVED LIMITED PARTNERSHIP.

(a) A dissolved limited partnership may dispose of the known

claims against it by following the procedure described in subsection

(b) of this section.

(b) A dissolved limited partnership may notify its known

claimants of the dissolution in a record. The notice must:

(1) specify the information required to be included in a claim;

(2) provide a mailing address to which the claim is to be sent;

(3) state the deadline for receipt of the claim, which may not

be less than one hundred twenty (120) days after the date the notice

is received by the claimant;

(4) state that the claim will be barred if not received by the

deadline; and

(5) unless the limited partnership has been throughout its

existence a limited liability limited partnership, state that the

barring of a claim against the limited partnership will also bar any

corresponding claim against any general partner or person

dissociated as a general partner which is based on Section 38 of

this act.

(c) A claim against a dissolved limited partnership is barred

if the requirements of subsection (b) are met and:

(1) the claim is not received by the specified deadline; or

(2) in the case of a claim that is timely received but rejected

by the dissolved limited partnership, the claimant does not commence

an action to enforce the claim against the limited partnership

within ninety (90) days after the receipt of the notice of the

rejection.

(d) This section does not apply to a claim based on an event

occurring after the effective date of dissolution or a liability

that is contingent on that date.

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.