Ohio Revised Code Search
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Section 1776.37 | Actions by and against partnership and partners.
... the name of the partnership. (B) An action may be brought against the partnership and, to the extent not inconsistent with section 1776.36 of the Revised Code, any or all of the partners in the same action or in separate actions. (C) A judgment against a partnership is not by itself a judgment against a partner. A judgment against a partnership may not be satisfied from a partner's assets unless there is ... |
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Section 1776.38 | Liability of purported partner.
...the representation, enters into a transaction with the actual or purported partnership. If the representation, either by the purported partner or by a person with the purported partner's consent, is made in a public manner, the purported partner is liable to a person who relies upon the purported partnership even if the purported partner is not aware of being held out as a partner to the claimant. If part... |
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Section 1776.41 | Partner's rights and duties.
...ided by a majority of the partners. An act outside the ordinary course of business of a partnership and an amendment to the partnership agreement may be undertaken only with the consent of all of the partners. (K) This section does not affect the obligations of a partnership to other persons under section 1776.31 of the Revised Code. |
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Section 1776.42 | Distributions in kind.
...A partner has no right to receive, and is not required to accept, a distribution in kind. |
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Section 1776.43 | Partner's rights and duties respecting information.
...(A) A partnership shall keep its books and records, if any, at its chief executive office. (B) A partnership shall provide partners and their agents and attorneys access to its books and records. It shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy b... |
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Section 1776.44 | General standards of partner's conduct.
...F) A partner may lend money to and transact other business with the partnership, and as to each loan or transaction the rights and obligations of the partner are the same as those of a person who is not a partner, subject to other applicable law. (G) This section applies to a person winding up the partnership business as the personal or legal representative of the last surviving partner as if the person were a ... |
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Section 1776.45 | Actions by partnership and partners.
...(A) A partnership may maintain an action against a partner for a breach of the partnership agreement or for the violation of a duty to the partnership, causing harm to the partnership. (B) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to enforce any of the following: (1) The partner's rights... |
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Section 1776.46 | Continuation of partnership beyond definite term or particular undertaking.
...f the partners, or those who habitually acted in the business during the term or undertaking, continue the business without any settlement or liquidation of the partnership, the partners are presumed to have agreed that the partnership will continue. |
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Section 1776.47 | Partner not co-owner of partnership property.
...A partner is not a co-owner of partnership property and has no interest in partnership property that can be transferred, either voluntarily or involuntarily. |
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Section 1776.48 | Partner's transferable interest in property.
...A partner's economic interest is the only transferable interest of a partner in the partnership. The economic interest is personal property. |
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Section 1776.49 | Transfer of partner's transferable interest.
...nformation concerning partnership transactions, or to inspect or copy the partnership books or records. (B) A transferee of a partner's economic interest in the partnership has a right: (1) To receive, in accordance with the transfer, distributions to which the transferor otherwise would be entitled; (2) To receive upon the dissolution and winding up of the partnership business, in accordance with the tran... |
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Section 1776.50 | Partner's transferable interest subject to charging order.
...(A) On application by a judgment creditor of a partner or of a partner's transferee, a court having jurisdiction may charge the economic interest of the judgment debtor to satisfy the judgment. The court may appoint a receiver of the share of the distributions due or to become due to the judgment debtor in respect of the partnership and make all other orders, directions, accounts, and inquiries the judgment deb... |
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Section 1776.51 | Events causing partner's dissociation.
...business that makes it not reasonably practicable to carry on the business in partnership with the partner. (F) The partner's doing any of the following: (1) Becoming a debtor in bankruptcy; (2) Executing an assignment for the benefit of creditors; (3) Seeking, consenting to, or acquiescing in the appointment of a trustee, receiver, or liquidator of that partner or of all or substantially all of that partner's... |
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Section 1776.52 | Partner's power to dissociate - wrongful dissociation.
...(A) A partner has the power to dissociate at any time, rightfully or wrongfully, by express will pursuant to division (A) of section 1776.51 of the Revised Code. (B) A partner's dissociation is wrongful only if either of the following applies to that dissociation: (1) It is in breach of an express provision of the partnership agreement. (2) In the case of a partnership for a definite term or particular und... |