Okla. Stat. tit. 54, § 143
Repealed
Effective Jan 1, 2010Laws 1951, HB 356, p. 145, § 3, emerg. eff. May 29, 1951; Amended by Laws 1979, SB 62, c. 259, § 8, eff. October 1, 1979; Amended by Laws 1984, HB 1489, c. 229, § 15, emerg. eff. July 1, 1984. Laws 2008, SB 1708, c. 382, § 317 provides that this section is repealed. Section 319 of Laws 2008, SB 1708, c. 382 provides that the § 317 repeal shall become effective November 1, 2008. Section 320 of Laws 2008, SB 1708, c. 382 provides that the § 317 repeal shall become effective January 1, 2010. Weddington v. Henry, 2008 OK 102, 202 P.3d 143 holds that Laws 2008, SB 1708, c. 382 is entirely unconstitutional and void.
- (a) Two or more persons desiring to form a limited partnership shall:
(1) Sign and swear to a certificate, which shall state:
- (A) The name of the partnership.
- (B) The character of the business.
- (C) The location of the principal place of business and also, if such location is outside the State of Oklahoma, the street address of the principal place of business within Oklahoma.
- (D) The name and place of residence of each member; general and limited partners being respectively designated.
- (E) The term for which the partnership is to exist.
- (F) The amount of cash and a description of the agreed value of the other property contributed by each limited partner.
- (G) The additional contributions, if any, agreed to be made by each limited partner and the times at which or events on the happening of which they shall be made.
- (H) The time, if agreed upon, when the contribution of each limited partner is to be returned.
- (I) The share of the profits or the other compensation by way of income which each limited partner shall receive by reason of his contribution.
- (J) The right, if given, of a limited partner to substitute an assignee as contributor in his place, and the terms and conditions of the substitution.
- (K) The right, if given, of the partners to admit additional limited partners.
- (L) The right, if given, of one or more of the limited partners to priority over other limited partners, as to contributions or as to compensation by way of income, and the nature of such priority.
- (M) The right, if given, of the remaining general partner or partners to continue the business on the death, retirement or insanity of a general partner.
- (N) The right, if given, of a limited partner to demand and receive property other than cash in return for his contribution.
- (2) File for record the certificate in the Office of the Secretary of State.
- (b) A limited partnership is formed if there has been substantial compliance in good faith with the requirements of subsection (a) of this section, and a fee of One Hundred Dollars ($100.00) paid to the Secretary of State. There shall be a fee of Fifty Dollars ($50.00) for each filing of an amendment or cancellation for a limited partnership.
Laws 1951, HB 356, p. 145, § 3, emerg. eff. May 29, 1951; Amended by Laws 1979, SB 62, c. 259, § 8, eff. October 1, 1979; Amended by Laws 1984, HB 1489, c. 229, § 15, emerg. eff. July 1, 1984.
Laws 2008, SB 1708, c. 382, § 317 provides that this section is repealed. Section 319 of Laws 2008, SB 1708, c. 382 provides that the § 317 repeal shall become effective November 1, 2008. Section 320 of Laws 2008, SB 1708, c. 382 provides that the § 317 repeal shall become effective January 1, 2010. Weddington v. Henry, 2008 OK 102, 202 P.3d 143 holds that Laws 2008, SB 1708, c. 382 is entirely unconstitutional and void.