§ 1-801. Events causing dissolution and winding up of partnership
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 1-801
§ 1-801. Events causing dissolution and winding up of partnership
Events Causing Dissolution and Winding Up of Partnership Business. A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events:
(1) in a partnership at will, the partnership's having notice from a partner, other than a partner who is dissociated under paragraphs (2) through (10) of Section 32 of this act,1 of that partner's express will to withdraw as a partner, or on a later date specified by the partner;
(i) within ninety (90) days after a partner's dissociation by death or otherwise under paragraphs (6) through (10) of Section 32 of this act or wrongful dissociation under subsection (b) of Section 33 of this act2, the express will of at least half of the remaining partners to wind up the partnership business for which purpose a partner's rightful dissociation pursuant to subparagraph (i) of paragraph (2) of subsection (b) of Section 33 of this act constitutes the expression of that partner's will to wind up the partnership business;
Credits
Laws 1997, c. 399, § 40, eff. Nov. 1, 1997.
54 Okl. St. Ann. § 1-801, OK ST T. 54 § 1-801
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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