Effective January 1, 2010, Chapter 1775 is repealed and no longer governs partnerships. 2008 HB332.
Where the dissolution is caused by the act, death, or bankruptcy of a partner, but subject to section 5815.35 of the Revised Code and to division (B) of section 1775.14 of the Revised Code, each partner is liable to the other partners for the partner's share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless:
(A) The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution;
(B) The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy.
Effective Date: 10-04-1996; 01-01-2007; 2008 HB332 01-01-2010Section: Previous 1775.26 1775.27 1775.28 1775.29 1775.30 1775.31 1775.32 1775.33 1775.34 1775.35 1775.36 1775.37 1775.38 1775.39 1775.40 Next
Last modified: October 10, 2016