Okla. Stat. tit. 54 § 500-303A

Current through Laws 2024, c. 453.

Section 500-303A - 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.

Okla. Stat. tit. 54, § 500-303A

Added by Laws 2010 , SB 1132, c. 384, § 31, eff. 1/1/2011.