Ohio Revised Code
Chapter 1776 | Ohio Uniform Partnership Act
Section 1776.02 | Knowledge or Notice.

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 fact exists from all of the facts known to the person at the time in question.
(C) A person notifies or gives notification to another person by taking steps reasonably required to inform the other person in ordinary course, whether or not the other person learns of that notification.
(D) A person receives a notification when the notification comes to the person's attention or is delivered at the person's place of business or at any other place the person holds out as a place for receiving communications.
(E)(1) Except as otherwise provided in division (F) of this section, a person other than an individual knows, has notice, or receives a notification of a fact for purposes of a particular transaction when the individual conducting the transaction knows, has notice, or receives a notification of the fact, or in any event, when the fact would have been brought to the individual's attention if the person had exercised reasonable diligence.
(2) A person exercises reasonable diligence if the person maintains reasonable routines for communicating significant information to the individual conducting the transaction and there is reasonable compliance with the routines. Reasonable diligence does not require an individual acting for the person to communicate information unless the communication is part of the individual's regular duties or the individual has reason to know of the transaction and that the transaction would be materially affected by the information.
(F) A partner's knowledge, notice, or receipt of a notification of a fact relating to the partnership is effective immediately as knowledge by, notice to, or receipt of a notification by the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.

Structure Ohio Revised Code

Ohio Revised Code

Title 17 | Corporations-Partnerships

Chapter 1776 | Ohio Uniform Partnership Act

Section 1776.01 | Definitions.

Section 1776.02 | Knowledge or Notice.

Section 1776.03 | Effect of Partnership Agreement - Nonwaivable Provisions.

Section 1776.04 | Supplemental Principles of Law - Usury.

Section 1776.05 | Execution, Filing, and Recording of Statements.

Section 1776.06 | Governing Law.

Section 1776.07 | Agent for Service of Process.

Section 1776.08 | Service of Process by Delivery.

Section 1776.10 | Service of Process by Delivery.

Section 1776.11 | Failure to Execute Statement or Agreement.

Section 1776.12 | Correction of Inaccurate or Defective Statement.

Section 1776.21 | Partnership as Entity Distinct From Partners.

Section 1776.22 | Formation of Partnership.

Section 1776.23 | Partnership Property.

Section 1776.24 | Partner Contributions - Penalties for Failure to Contribute.

Section 1776.31 | Partner Agent of Partnership.

Section 1776.32 | Transfer of Partnership Property.

Section 1776.33 | Statement of Partnership Authority.

Section 1776.34 | Statement of Denial.

Section 1776.35 | Partnership Liable for Partner's Actionable Conduct.

Section 1776.36 | Partner's Liability.

Section 1776.37 | Actions by and Against Partnership and Partners.

Section 1776.38 | Liability of Purported Partner.

Section 1776.41 | Partner's Rights and Duties.

Section 1776.42 | Distributions in Kind.

Section 1776.43 | Partner's Rights and Duties Respecting Information.

Section 1776.44 | General Standards of Partner's Conduct.

Section 1776.45 | Actions by Partnership and Partners.

Section 1776.46 | Continuation of Partnership Beyond Definite Term or Particular Undertaking.

Section 1776.47 | Partner Not Co-Owner of Partnership Property.

Section 1776.48 | Partner's Transferable Interest in Property.

Section 1776.49 | Transfer of Partner's Transferable Interest.

Section 1776.50 | Partner's Transferable Interest Subject to Charging Order.

Section 1776.51 | Events Causing Partner's Dissociation.

Section 1776.52 | Partner's Power to Dissociate - Wrongful Dissociation.

Section 1776.53 | Effect of Partner's Dissociation.

Section 1776.54 | Purchase of Dissociated Partner's Interest.

Section 1776.55 | Dissociated Partner's Power to Bind and Liability to Partnership.

Section 1776.56 | Dissociated Partner's Liability to Other Persons.

Section 1776.57 | Statement of Dissociation.

Section 1776.58 | Continued Use of Partnership Name.

Section 1776.61 | Events Causing Dissolution and Winding Up of Partnership Business.

Section 1776.62 | Partnership Continues After Dissolution.

Section 1776.63 | Right to Wind Up Partnership Business.

Section 1776.64 | Partner's Power to Bind Partnership After Dissolution.

Section 1776.65 | Statement of Dissolution.

Section 1776.66 | Partner's Liability to Other Partners After Dissolution.

Section 1776.67 | Settlement of Accounts and Contributions Among Partners.

Section 1776.68 | Merger or Consolidation of Partnerships Into Domestic Partnership.

Section 1776.69 | Merger or Consolidation of Partnerships Into Another Entity.

Section 1776.70 | Certificate of Merger or Consolidation.

Section 1776.71 | Effect of Merger or Consolidation.

Section 1776.72 | Conversion of Another Entity Into Domestic Partnership.

Section 1776.73 | Conversion of Domestic Partnership Into Another Entity.

Section 1776.74 | Certificate of Conversion - Effective Date.

Section 1776.75 | Effect of Conversion - Action to Set Aside.

Section 1776.76 | Relief for Dissenting Partner.

Section 1776.77 | Dissenting Partner's Demand for Fair Cash Value of Interests.

Section 1776.78 | Dissenting Partner's Complaint.

Section 1776.79 | Judgment Creditors.

Section 1776.81 | Conversion to Limited Liability Partnership.

Section 1776.82 | Name of Limited Liability Partnership.

Section 1776.83 | Filing of Biennial Report.

Section 1776.84 | Distribution to Partner Where Partnership Insolvent.

Section 1776.85 | Foreign Limited Liability Partnership - Governing Law.

Section 1776.86 | Statement of Foreign Qualification.

Section 1776.87 | Action by Foreign Limited Liability Partnership.

Section 1776.88 | What Constitutes Transacting Business.

Section 1776.89 | Action to Restrain Foreign Limited Liability Partnership.

Section 1776.91 | Construction of Chapter.

Section 1776.92 | Short Title.

Section 1776.95 | Application of Chapter to Partnerships.

Section 1776.96 | Application of Chapter to Proceedings.