Oklahoma Statutes
§ 54-500-104A — Nature, purpose, and duration of entity.
Oklahoma·Title 54 Partnership
NATURE, PURPOSE, AND DURATION OF ENTITY.
(a)A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.
(b)A limited partnership may be organized under the Uniform Limited Partnership Act of 2010 for any lawful purpose.
(c)A limited partnership has a perpetual duration unless otherwise specified in its certificate of limited partnership.
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Legislative History
Added by Laws 2010, c. 384, § 4, eff. Jan. 1, 2011.
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Repealed§ 54-1-100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.