Oklahoma Statutes
§ 54-1-301 — Partner Agent of Partnership.
Oklahoma·Title 54 Partnership
Partner Agent of Partnership. Subject to the effect of a statement of partnership authority under Section 15 of this act:
(1)Each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership, unless the partner had no authority to act for the partnership in the particular matter and the person with whom the partner was dealing knew or had received a notification that the partner lacked authority.
(2)An act of a partner which is not apparently for carrying on in the ordinary course the partnership business or business of the kind carried on by
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Oklahoma § 54-1-301 (Partner Agent of Partnership.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Laws 1997, c. 399, § 13, eff. Nov. 1, 1997.
Nearby Sections
15
§ 54-1
Repealed§ 54-1-100
Short title.§ 54-1-1002
Name.§ 54-1-101
Definitions.§ 54-1-102
Knowledge and Notice.§ 54-1-104
Supplemental Principles of Law.§ 54-1-106
Governing Law.§ 54-1-1102
Statement Of Foreign Qualification.§ 54-1-1103
Effect Of Failure To Qualify.