§ 1-306. Partner's liability
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 1-306
§ 1-306. Partner's liability
(c) An obligation of a partnership incurred while the partnership is a limited liability partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or so acting as a partner. This subsection applies notwithstanding anything inconsistent in the partnership agreement that existed immediately before the vote required to become a limited liability partnership under subsection (b) of Section 55 of this act.1
Credits
Laws 1997, c. 399, § 18, eff. Nov. 1, 1997.
Footnotes
Title 54, § 1-1001.
54 Okl. St. Ann. § 1-306, OK ST T. 54 § 1-306
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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