Oklahoma § 54-1-909 Personal liability of partner of converting or

Oklahoma Statutes

§ 54-1-909 — Personal liability of partner of converting or

Oklahoma § 54-1-909

Title 54Partnership

This text of Oklahoma § 54-1-909 (Personal liability of partner of converting or) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 54, § 54-1-909 (2026).

Text

constituent partnership - Consent. Personal liability of partner of converting or constituent partnership; Consent.

(a)If a partner of a converting or constituent partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without the consent of the partner, unless:

(1)the partnership agreement provides for the approval of the conversion or merger with the consent of fewer than all the partners; and (2) the partner has consented to the provision of the partnership agreement.

(b)A cancellation of a statement of qualification of a partnership as a limited liability partnership is ineffective without the consent of each general partner unless:

(1)the partnership agreement provides

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constituent partnership - Consent. Personal liability of partner of converting or constituent partnership; Consent. (a) If a partner of a converting or constituent partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without the consent of the partner, unless: (1) the partnership agreement provides for the approval of the conversion or merger with the consent of fewer than all the partners; and (2) the partner has consented to the provision of the partnership agreement. (b) A cancellation of a statement of qualification of a partnership as a limited liability partnership is ineffective without the consent of each general partner unless: (1) the partnership agreement provides for the amendment with the consent of less than all the partners; and (2) each partner that does not consent to the amendment has consented to the provision of the partnership agreement. (c) A partner does not give the consent required by subsection (a) or (b) of this section merely by consenting to a provision of the partnership agreement that permits the partnership agreement to be amended with the consent of fewer than all the partners.