§ 500-607A. Liability to other persons of person dissociated as general partner
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 500-607A
§ 500-607A. Liability to other persons of person dissociated as general partner
LIABILITY TO OTHER PERSONS OF PERSON DISSOCIATED AS GENERAL PARTNER.
(a) A person's dissociation as a general partner does not of itself discharge the person's liability as a general partner for an obligation of the limited partnership incurred before dissociation. Except as otherwise provided in subsections (b) and (c) of this section, the person is not liable for a limited partnership's obligation incurred after dissociation.
(e) A person dissociated as a general partner is released from liability for an obligation of the limited partnership if the limited partnership's creditor, with notice of the person's dissociation as a general partner but without the person's consent, agrees to a material alteration in the nature or time of payment of the obligation.
Credits
Laws 2010, c. 384, § 58, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-607A, OK ST T. 54 § 500-607A
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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