Okla. Stat. tit. 54, § 163
Repealed
Effective Jan 1, 2010Laws 1951, HB 356, p. 148, § 23, emerg. eff. May 29, 1951. Laws 2008, SB 1708, c. 382, § 317 provides that this section is repealed.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) On due application to a court of competent jurisdiction by any judgment creditor of a limited partner, the court may charge the interest of the indebted limited partner with payment of the unsatisfied amount of the judgment debt; and may appoint a receiver, and make all other orders, directions, and inquiries which the circumstances of the case may require.
- (b) The interest may be redeemed with the separate property of any general partner, but may not be redeemed with partnership property.
- (c) The remedies conferred by paragraph (a) shall not be deemed exclusive of others which may exist.
- (d) Nothing in this act shall be held to deprive a limited partner of his statutory exemption.
Laws 1951, HB 356, p. 148, § 23, emerg. eff. May 29, 1951.
Laws 2008, SB 1708, c. 382, § 317 provides that this section is repealed.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.