Okla. Stat. tit. 54, § 54-500-809A
This is the official text of Okla. Stat. tit. 54, § 54-500-809A, 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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Cessation of good standing
Official statutory text
CESSATION OF GOOD STANDING.
(a) A limited partnership ceases to be in good standing if it
does not, within sixty (60) days after the due date:
(1) pay any fee, tax, or penalty due to the Secretary of State
under the Uniform Limited Partnership Act of 2010 or other law; or
(2) deliver its annual certificate to the Secretary of State.
(b) Except for accepting a certificate of resignation of a
registered agent when a successor registered agent is not being
appointed or an application for reinstatement, the Secretary of
State shall not accept for filing any certificate or articles, or
issue any certificate of good standing, in respect to any limited
partnership that has ceased to be in good standing, unless or until
the limited partnership has been reinstated as a limited partnership
in good standing.
(c) A limited partnership that has ceased to be in good
standing may not maintain any action, suit or proceeding in any
court of this state until the limited partnership has been
reinstated as a limited partnership in good standing. Any successor
or assignee of the limited partnership may not maintain an action,
Oklahoma Statutes - Title 54. Partnership Page 131
suit or proceeding in any court of this state on any right, claim or
demand arising out of the transaction of business by the limited
partnership after it has ceased to be in good standing until the
limited partnership, or any person that has acquired all or
substantially all of its assets, has caused the limited partnership
to be reinstated as a limited partnership in good standing.
(d) The failure of a limited partnership to file an annual
certificate and pay a required fee to the Secretary of State shall
not impair the validity on any contract, deed, mortgage, security
interest, lien or act of the limited partnership or prevent the
limited partnership from defending any action, suit or proceeding
with any court of this state.
(e) A limited partner of a limited partnership is not liable as
a general partner of the limited partnership solely by reason of the
failure of the limited partnership to file an annual certificate or
pay a required fee to the Secretary of State or by reason of the
limited partnership ceasing to be in good standing.
(a) A limited partnership ceases to be in good standing if it
does not, within sixty (60) days after the due date:
(1) pay any fee, tax, or penalty due to the Secretary of State
under the Uniform Limited Partnership Act of 2010 or other law; or
(2) deliver its annual certificate to the Secretary of State.
(b) Except for accepting a certificate of resignation of a
registered agent when a successor registered agent is not being
appointed or an application for reinstatement, the Secretary of
State shall not accept for filing any certificate or articles, or
issue any certificate of good standing, in respect to any limited
partnership that has ceased to be in good standing, unless or until
the limited partnership has been reinstated as a limited partnership
in good standing.
(c) A limited partnership that has ceased to be in good
standing may not maintain any action, suit or proceeding in any
court of this state until the limited partnership has been
reinstated as a limited partnership in good standing. Any successor
or assignee of the limited partnership may not maintain an action,
Oklahoma Statutes - Title 54. Partnership Page 131
suit or proceeding in any court of this state on any right, claim or
demand arising out of the transaction of business by the limited
partnership after it has ceased to be in good standing until the
limited partnership, or any person that has acquired all or
substantially all of its assets, has caused the limited partnership
to be reinstated as a limited partnership in good standing.
(d) The failure of a limited partnership to file an annual
certificate and pay a required fee to the Secretary of State shall
not impair the validity on any contract, deed, mortgage, security
interest, lien or act of the limited partnership or prevent the
limited partnership from defending any action, suit or proceeding
with any court of this state.
(e) A limited partner of a limited partnership is not liable as
a general partner of the limited partnership solely by reason of the
failure of the limited partnership to file an annual certificate or
pay a required fee to the Secretary of State or by reason of the
limited partnership ceasing to be in good standing.
Status: in_force · Read it on the official government site
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