Oklahoma Statutes
§ 54-500-602A — Effect of dissociation as limited partner.
Oklahoma·Title 54 Partnership
EFFECT OF DISSOCIATION AS LIMITED PARTNER.
(a)Upon a person’s dissociation as a limited partner:
(1)subject to Section 62 of this act, the person does not have further rights as a limited partner;
(2)the person’s obligation of good faith and fair dealing as a limited partner under subsection (b) of Section 33 of this act continues only as to matters arising and events occurring before the dissociation; and (3) subject to Section 62 of this act and Article 11 of this act, any transferable interest owned by the person in the person’s capacity as a limited partner immediately before dissociation is owned by the person as a mere transferee.
(b)A person’s dissociation as a limited partner does not of itself discharge the person from any obligation to the limited partnership or the other par
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Oklahoma § 54-500-602A (Effect of dissociation as limited partner.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Laws 2010, c. 384, § 53, 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Repealed§ 54-1-100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.