§ 500-603A. Dissociation as general partner
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 500-603A
§ 500-603A. Dissociation as general partner
DISSOCIATION AS GENERAL PARTNER.
A person is dissociated from a limited partnership as a general partner upon the occurrence of any of the following events:
(C) the person is a corporation and, within ninety (90) days after the limited partnership notifies the person that it will be expelled as a general partner because it has filed a certificate of dissolution or the equivalent, its charter has been revoked, or its right to conduct business has been suspended by the jurisdiction of its incorporation, there is no revocation of the certificate of dissolution or no reinstatement of its charter or its right to conduct business; or
(D) failure, within ninety (90) days after the appointment, to have vacated or stayed the appointment of a trustee, receiver, or liquidator of the general partner or of all or substantially all of the person's property obtained without the person's consent or acquiescence, or failing within ninety (90) days after the expiration of a stay to have the appointment vacated;
(9) in the case of a person that is an estate or is acting as a general partner by virtue of being a personal representative of an estate, distribution of the estate's entire transferable interest in the limited partnership, but not merely by reason of the substitution of a successor personal representative;
Credits
Laws 2010, c. 384, § 54, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-603A, OK ST T. 54 § 500-603A
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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