Oklahoma § 54-500-804A Power of general partner and person dissociated as

Oklahoma Statutes

§ 54-500-804A — Power of general partner and person dissociated as

Oklahoma § 54-500-804A

Title 54Partnership

This text of Oklahoma § 54-500-804A (Power of general partner and person dissociated as) 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, § 54-500-804A (2026).

Text

general partner to bind partnership after dissolution. POWER OF GENERAL PARTNER AND PERSON DISSOCIATED AS GENERAL PARTNER TO BIND PARTNERSHIP AFTER DISSOLUTION.

(a)A limited partnership is bound by a general partner’s act after dissolution which:

(1)is appropriate for winding up the limited partnership’s activities; or (2) would have bound the limited partnership under Section 36 of this act before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.

(b)A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if:

(1)at the time the other party enters into the transaction:

(A)less than two (2) years has passed since the dissociation; and (B) the other pa

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general partner to bind partnership after dissolution. POWER OF GENERAL PARTNER AND PERSON DISSOCIATED AS GENERAL PARTNER TO BIND PARTNERSHIP AFTER DISSOLUTION. (a) A limited partnership is bound by a general partner’s act after dissolution which: (1) is appropriate for winding up the limited partnership’s activities; or (2) would have bound the limited partnership under Section 36 of this act before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution. (b) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if: (1) at the time the other party enters into the transaction: (A) less than two (2) years has passed since the dissociation; and (B) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and (2) the act: (A) is appropriate for winding up the limited partnership’s activities; or (B) would have bound the limited partnership under Section 36 of this act before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.