Section 1776.21 | Partnership as entity distinct from partners.
(A) A partnership is an entity distinct from its partners.
(B) A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under section 1776.81 of the Revised Code.
(C) Except as otherwise provided in the Revised Code or the partnership agreement, a partnership formed under this chapter has authority to engage in any activity in which a domestic corporation or a domestic limited liability company may lawfully engage and has the powers of a domestic corporation or domestic limited liability company.
Available Versions of this Section
- August 6, 2008 – House Bill 332, 127th General Assembly [ View August 6, 2008 Version ]