Okla. Stat. tit. 6 § 907

Current through Laws 2024, c. 453.

Section 907 - Husband and wife deposit for business purpose - Sole proprietorship account

A deposit made in any bank or credit union by a husband and wife which is primarily for a business purpose may be treated, at the option of the depositors, as a sole proprietorship account, rather than a partnership account unless a formal partnership has been formed.

Okla. Stat. tit. 6, § 907

Added by Laws 1993, SB 31, c. 183, § 14, emerg. eff. 7/1/1993; Amended by Laws 2007 , HB 1543, c. 80, § 6, eff. 1/1/2008.