Oklahoma § 60-1609.6 - Interest as general partner
Full text of Oklahoma Oklahoma Statutes § 60-1609.6 — Interest as general partner, with citation guidance and answers to common questions.
§ 60-1609.6. Interest as general partner
A. Except as otherwise provided in subsection C of this section
or unless personal liability is imposed in the contract, a trustee
who holds an interest as a general partner in a general or limited
partnership is not personally liable on a contract entered into by
the partnership after the trust's acquisition of the interest if the
fiduciary capacity was disclosed in the contract or in a statement
previously filed pursuant to the Oklahoma Revised Uniform
Partnership Act or Oklahoma Uniform Limited Partnership Act of 2010.
B. Except as otherwise provided in subsection C of this
section, a trustee who holds an interest as a general partner is not
personally liable for torts committed by the partnership or for
obligations arising from ownership or control of the interest unless
the trustee is personally at fault.
C. The immunity provided by this section does not apply if an
interest in the partnership is held by the trustee in a capacity
other than that of trustee or is held by the trustee's spouse or one
or more of the trustee's descendants, siblings, or parents, or the
spouse of any of them.
D. Except as otherwise provided by Oklahoma law, if the trustee
of a revocable trust holds an interest as a general partner, the
settlor is personally liable for contracts and other obligations of
the partnership as if the settlor were a general partner.
Added by Laws 2025, c. 254, § 70, eff. Nov. 1, 2025.
Frequently Asked Questions About Oklahoma § 60-1609.6
What does Oklahoma Statutes § 60-1609.6 cover?
Section 60-1609.6 ("Interest as general partner") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 60-1609.6?
A common citation format is "Oklahoma Statutes § 60-1609.6" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 60-1609.6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.