Okla. Stat. tit. 54, § 54-500-907A
This is the official text of Okla. Stat. tit. 54, § 54-500-907A, 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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Cancellation of certificate of authority - Effect of
Official statutory text
failure to have certificate.
CANCELLATION OF CERTIFICATE OF AUTHORITY; EFFECT OF FAILURE TO
HAVE CERTIFICATE.
(a) In order to cancel its certificate of authority to transact
business in this state, a foreign limited partnership must deliver
to the Secretary of State for filing a notice of cancellation
stating its name, jurisdiction of formation, and address for service
Oklahoma Statutes - Title 54. Partnership Page 138
of process. The certificate is canceled when the notice becomes
effective under Section 24 of this act.
(b) A foreign limited partnership transacting business in this
state may not maintain an action or proceeding in this state unless
it has a certificate of authority to transact business in this
state.
(c) The failure of a foreign limited partnership to have a
certificate of authority to transact business in this state does not
impair the validity of a contract or act of the foreign limited
partnership or prevent the foreign limited partnership from
defending an action or proceeding in this state.
(d) A partner of a foreign limited partnership is not liable
for the obligations of the foreign limited partnership solely by
reason of the foreign limited partnership’s having transacted
business in this state without a certificate of authority.
(e) If a foreign limited partnership transacts business in this
state without a certificate of authority or cancels its certificate
of authority, it appoints the Secretary of State as its agent for
service of process for rights of action arising out of the
transaction of business in this state.
CANCELLATION OF CERTIFICATE OF AUTHORITY; EFFECT OF FAILURE TO
HAVE CERTIFICATE.
(a) In order to cancel its certificate of authority to transact
business in this state, a foreign limited partnership must deliver
to the Secretary of State for filing a notice of cancellation
stating its name, jurisdiction of formation, and address for service
Oklahoma Statutes - Title 54. Partnership Page 138
of process. The certificate is canceled when the notice becomes
effective under Section 24 of this act.
(b) A foreign limited partnership transacting business in this
state may not maintain an action or proceeding in this state unless
it has a certificate of authority to transact business in this
state.
(c) The failure of a foreign limited partnership to have a
certificate of authority to transact business in this state does not
impair the validity of a contract or act of the foreign limited
partnership or prevent the foreign limited partnership from
defending an action or proceeding in this state.
(d) A partner of a foreign limited partnership is not liable
for the obligations of the foreign limited partnership solely by
reason of the foreign limited partnership’s having transacted
business in this state without a certificate of authority.
(e) If a foreign limited partnership transacts business in this
state without a certificate of authority or cancels its certificate
of authority, it appoints the Secretary of State as its agent for
service of process for rights of action arising out of the
transaction of business in this state.
Status: in_force · Read it on the official government site
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