Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly As used in this chapter: (A) “Business” includes every trade, occupation, and profession. (B) “Debtor in bankruptcy” means a person who is the subject of an order for relief under Title 11 of the United States Code, a comparable order under a […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) A person knows a fact if the person has actual knowledge of the fact. (B) A person has notice of a fact if the person knows of it, has received a notification of the fact, or has reason to know the […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Except as otherwise provided in division (B) of this section, the partnership agreement governs relations among the partners and between the partners and the partnership. To the extent the partnership agreement does not otherwise provide, this chapter governs relations among the […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter. (B) If an obligation to pay interest under this chapter does not specify a rate of interest, the rate is that specified in section […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) A statement may be filed in the office of the secretary of state. A certified copy of a statement that is filed in an office in another state may be filed in the office of the secretary of state provided that […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Except as otherwise provided in this section, the law of the jurisdiction in which a partnership has its chief executive office governs relations among the partners and between the partners and the partnership. (B) The law of this state governs relations […]
Effective: May 20, 2014 Latest Legislation: Senate Bill 98 – 130th General Assembly (A) Any partnership that maintains an effective statement of partnership authority under section 1776.33 of the Revised Code shall maintain continuously in this state an agent for service of process on the partnership. The agent shall be one of the following: (1) […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Service of legal process upon any partnership that has not filed a statement of partnership authority in this state and that is formed under the laws of this state or doing business in this state may be made by delivering a […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A)(1) A partner or a liquidating trustee of a partnership that is formed under the laws of this state or that is doing business in this state may be served with process in the manner this section prescribes in all civil actions […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Any person who is adversely affected by the failure or refusal of a person to execute a statement as this chapter requires may petition the court of common pleas to direct the execution of that statement. If the court finds that […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Any statement filed with the secretary of state pursuant to this chapter that is an inaccurate record of the action referred to in the statement, or that was defectively or erroneously executed, may be corrected by filing a statement of correction […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (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 […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Except as otherwise provided in division (B) of this section, any association of two or more persons to carry on as co-owners a business for-profit forms a partnership, whether or not the persons intend to form a partnership. (B) An association […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Property acquired by a partnership is property of the partnership and not the property of the partners individually. (B) Property is partnership property if the property is acquired in the name of either of the following: (1) The partnership; (2) One […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) The contribution of a partner may be in cash, property, or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services. (B) A partner is obligated to the partnership to perform any promise […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly Both of the following govern the acts of a partner, subject to any statement of partnership authority under section 1776.33 of the Revised Code: (A) Each partner is an agent of the partnership for the purpose of its business. An act of […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) Partnership property may be transferred as follows: (1) Partnership property held in the name of the partnership may be transferred by an instrument of transfer a partner executes in the partnership name, subject to any statement of partnership authority under section […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A)(1) A partnership may file a statement of partnership authority. Any statement filed pursuant to this section shall include all of the following: (a) The name of the partnership; (b) The street address of the partnership’s chief executive office and that of […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly A partner, or other person that a filed statement of partnership authority names as a partner or included in a list an agent maintains pursuant to division (B) of section 1776.33 of the Revised Code, may file a statement of denial stating […]
Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (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 […]
