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.
(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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