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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1776.35 | Partnership liable for partner's actionable conduct.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1776 Ohio Uniform Partnership Act
 
Effective:
August 6, 2008
Latest Legislation:
House Bill 332 - 127th General Assembly
PDF:
Download Authenticated PDF
 

(A) A partnership is liable for loss or injury caused to a person or for a penalty incurred as a result of a wrongful act or omission, or other actionable conduct, of a partner acting in the ordinary course of business of the partnership or with authority of the partnership.

(B) A partnership is liable for the loss if, in the course of the partnership's business or while acting with authority of the partnership, a partner receives or causes the partnership to receive money or property of a person not a partner, and a partner misapplies the money or property.

Available Versions of this Section