§ 500-303A. No liability as limited partner for limited partnership obligations
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 500-303A
§ 500-303A. No liability as limited partner for limited partnership obligations
NO LIABILITY AS LIMITED PARTNER FOR LIMITED PARTNERSHIP OBLIGATIONS.
An obligation of a limited partnership, whether arising in contract, tort, or otherwise, is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited partnership solely by reason of being a limited partner, even if the limited partner participates in the management and control of the limited partnership.
Credits
Laws 2010, c. 384, § 31, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-303A, OK ST T. 54 § 500-303A
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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