Okla. Stat. » Title 54 — PARTNERSHIP
Oklahoma Statutes

Okla. Stat. tit. 54, § 150 (2026)

Repealed by Laws 2010, c. 384, § 108, eff. Jan. 1, 2011

✓ current as of July 2026
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NOTE: Laws 2008, c. 382, § 317, which repealed this section effective Jan. 1, 2010, was held unconstitutional by the Oklahoma Supreme Court in the case of Weddington v. Henry, 202 P.3d 143, 2008 OK 102 (2009).

Notes of Decisions
Cited in 3 cases, 1980–1996 · leading case: N.C. Corff P'ship, Ltd. v. OXY USA, Inc., 929 P.2d 288 (Okla. Civ. App. 1996).
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N.C. Corff P'ship, Ltd. v. OXY USA, Inc., 929 P.2d 288 (Okla. Civ. App. 1996). “See 54 O.S.1991 §§ 150,215, and 325. Determining rights and liabilities concerning alleged contamination of Partnership property, its cause, and its abatement, necessarily involves adjudicating rights and liabilities of Partnership, which also may be subject to liability for…”
In Re Bel Air Assocs., Ltd., 4 B.R. 168 (Bankr. W.D. Okla. 1980). “This Court assumes that Tompkins bases his claim on the provisions of 54 O.S. § 150 which states in pertinent part: “(a) A general partner shall have all the rights and powers and be subject to all the restrictions and liabilities of a partner in a partnership without limited…”
Devon Energy Corp. v. Utica Nat'l Bank & Trust Co. (In Re Proj. 5 Drilling Prog.-1980), 30 B.R. 670 (Bankr. W.D. Okla. 1983). · cites it 2× “54 O.S.1981 § 150. The argument of the Company and La-Terre is that, by the terms of the Partnership Agreement itself, the limited partners vested in the Company the authority to act on their behalf and to utilize the property of the Partnership.”
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