§ 500-404A. General partner’s liability
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 500-404A
§ 500-404A. General partner’s liability
GENERAL PARTNER'S LIABILITY.
(c) An obligation of a limited partnership incurred while the limited partnership is a limited liability limited partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the limited partnership. A general partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or acting as a general partner. This subsection applies despite anything inconsistent in the partnership agreement that existed immediately before the consent required to become a limited liability limited partnership under paragraph (2) of subsection (b) of Section 40 of this act.
Credits
Laws 2010, c. 384, § 38, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-404A, OK ST T. 54 § 500-404A
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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