1. (a) In settling accounts after dissolution the liabilities of the partnership shall be entitled to payment in the following order:
2. (1) Those to creditors, in the order of priority as provided by law, except those to limited partners on account of their contributions, and to general partners.
3. (2) Those to limited partners in respect to their share of the profits and other compensation by way of income on their contributions.
4. (3) Those to limited partners in respect to the capital of their contributions.
5. (4) Those to general partners other than for capital and profits.
6. (5) Those to general partners in respect to profits.
7. (6) Those to general partners in respect to capital.
8. (b) Subject to any statement in the certificate or to subsequent agreement, limited partners share in the partnership assets in respect to their claims for capital, and in respect to their claims for profits or for compensation by way of income on their contributions respectively, in proportion to the respective amounts of such claims.

Laws 1951, HB 356, p. 148, § 24, 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Laws 2008, SB 1708, c. 382, § 317 provides that this section is repealed.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.