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Section 1783.03 | Control and Management.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly There shall be at least one meeting of the members of a limited partnership association in each year at which not less than three nor more than five managers must be elected, one of whom shall be the chairman, one the treasurer, […]

Section 1782.56 | Derivative Action by Limited Partner.

Effective: June 11, 1992 Latest Legislation: Senate Bill 140 – 119th General Assembly A limited partner or, when authorized by section 1782.57 of the Revised Code, a former limited partner may bring an action on behalf of a limited partnership to recover a judgment in its favor if general partners with authority to do so […]

Section 1782.57 | Plaintiff in Derivative Action.

Effective: June 11, 1992 Latest Legislation: Senate Bill 140 – 119th General Assembly In a derivative action brought pursuant to section 1782.56 of the Revised Code, the plaintiff shall be a person who is a partner of the limited partnership at the time of the filing of the complaint in the action or a person […]

Section 1782.58 | Complaint.

Effective: April 1, 1985 Latest Legislation: House Bill 607 – 115th General Assembly In a derivative action brought pursuant to section 1782.56 of the Revised Code, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by a general partner or the reasons for not making the […]

Section 1782.59 | Court Orders in Successful Derivative Action.

Effective: April 1, 1985 Latest Legislation: House Bill 607 – 115th General Assembly If a derivative action brought pursuant to section 1782.56 of the Revised Code is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim, […]

Section 1782.60 | Application and Construction of Chapter.

Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting the Uniform Limited Partnership Act (1985), national conference of commissioners on uniform state […]

Section 1782.61 | Pre-Existing Limited Partnerships.

Effective: July 1, 1994 Latest Legislation: Senate Bill 74 – 120th General Assembly (A) A limited partnership formed under former Chapter 1781. of the Revised Code or another former law of this state that was in existence on April 4, 1985, shall not be dissolved and its legal existence shall not cease as a result […]

Section 1782.62 | Pre-Existing Foreign Limited Partnerships.

Effective: July 1, 1994 Latest Legislation: Senate Bill 74 – 120th General Assembly A foreign limited partnership that filed a copy of its certificate of limited partnership in the office of a county recorder and was transacting business in this state immediately prior to April 4, 1985, is deemed to be registered as a foreign […]

Section 1782.64 | Conversion to Limited Liability Limited Partnership.

Effective: August 6, 2008 Latest Legislation: House Bill 332 – 127th General Assembly (A) A limited partnership may become a limited liability limited partnership by doing all of the following: (1) Obtaining approval of the terms and conditions of the limited partnership becoming a limited liability limited partnership by the vote necessary to amend the […]