Caveat: Oklahoma has enacted the Revised Uniform Partnership Act, codified at 54 O.S. §§ 1-100 through 1-1207. On or after January 1, 2000, the Oklahoma Revised Uniform Partnership Act will govern all partnerships and limited liability partnerships formed under Oklahoma law, including general partnerships formed prior to the enactment of the Revised Uniform Partnership Act.

Title Examination Standards
Chapter 1, App.
Chapter 13. Partnerships and Joint Ventures
§13.6. Assets of Partnership Not Subject to Execution for Debts of Individual Partners.

Specific partnership property is not subject to execution on a claim, judgment or lien against a partner of the partnership. A partner in a general partnership formed prior to Novmeber 1, 1997, is a co-owner with the other partners of specific partnership property, holding as a tenant in partnership. Commencing January 1, 2000, the concept of tenancy in partnership will not define the naute of the partner's ownership interests.

A partner's right to possess property is equal with that of the other partners and one (1) partner has no right to possess such property for any other purpose, except with the consent of other partners. A partner's right in specific partnership property is not assignable except in connection with the assignment of all rights of all partners in the same property.

Authority: 54 O.S. § 1-204; 1-501.

The standard was recommended by the 1980 Title Examination Standards Committee, 51 O.B.J. 2726, 2727 (1980). It was approved by the Real Property Section, December 3, 1980, and adopted by the House of Delegates, December 5, 1980.

The Title Examination Standards Committee's 2001 Report recommended amendments to reflect the State's adoption of the Revised Uniform Partnership Act (the "Revised Act"), including its treatment of partnerships as entities. 72 O.B.J. 3002 (Oct. 13, 2001). The Real Property Law Section approved the Committee's recommendation on November 15 and the House of Delegates adopted the proposal on November 16, 2001. 72 O.B.J. 3576 (Dec. 8, 2001).

The 2021 Title Examination Standards Sub-Committee of the Real Property Law Section recommended the following editorial changes to the Title Standards as they appear on OSCN to bring the printed handbook and OSCN into conformity. The Real Property Section approved the proposal, and the House of Delegates adopted the amendment on November 12, 2021. (superseded document available)