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Code · Oklahoma · Title 54 — Partnership

§54-500-303A. No liability as limited partner for limited

90 words·~1 min read·/ok/title-54-partnership/54-500-303a·

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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. Added by Laws 2010, c. 384, § 31, eff. Jan. 1, 2011.
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