Effective: August 6, 2008
Latest Legislation: House Bill 332 - 127th General Assembly
(A) A partnership may sue and be sued in the name of the partnership.
(B) An action may be brought against the partnership and, to the extent not inconsistent with section 1776.36 of the Revised Code, any or all of the partners in the same action or in separate actions.
(C) A judgment against a partnership is not by itself a judgment against a partner. A judgment against a partnership may not be satisfied from a partner's assets unless there is also a judgment against the partner.
(D) A judgment creditor of a partner may not levy execution against the assets of a partner to satisfy a judgment based on a claim against the partnership unless the partner is personally liable for the claim under section 1776.36 of the Revised Code and any of the following apply:
(1) A judgment based on the same claim was obtained against the partnership and a writ of execution on the judgment was returned unsatisfied in whole or in part;
(2) The partnership is a debtor in bankruptcy;
(3) The partner agreed that the creditor need not exhaust partnership assets;
(4) A court grants permission to the judgment creditor to levy execution against the assets of a partner based on a finding that partnership assets subject to execution are clearly insufficient to satisfy the judgment, that exhaustion of partnership assets is excessively burdensome, or that the grant of permission is an appropriate exercise of the court's equitable powers;
(5) Liability is imposed on the partner by law or contract independent of the existence of the partnership.
(E) This section applies to any partnership liability or obligation resulting from a representation by a partner or purported partner under section 1776.38 of the Revised Code.
Structure 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.