(A) A partnership may maintain an action against a partner for a breach of the partnership agreement or for the violation of a duty to the partnership, causing harm to the partnership.
(B) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to enforce any of the following:
(1) The partner's rights under the partnership agreement;
(2) The partner's rights under this chapter, including any of the following:
(a) The partner's rights under sections 1776.41, 1776.43, or 1776.44 of the Revised Code;
(b) The partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to section 1776.54 of the Revised Code, or any other right under sections 1776.51 to 1776.53 or sections 1776.54 to 1776.58 of the Revised Code;
(c) The partner's right to compel a dissolution and winding up of the partnership business or enforce any other right under sections 1776.61 to 1776.67 of the Revised Code.
(3) The rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.
(C) This section does not govern the accrual of, and any time limitation on, a right of action for a remedy under this section. A right to an accounting upon dissolution and winding up does not revive a claim barred by law.
Effective Date: 2008 HB332 08-06-2008Section: Previous 1776.36 1776.37 1776.38 1776.41 1776.42 1776.43 1776.44 1776.45 1776.46 1776.47 1776.48 1776.49 1776.50 1776.51 1776.52 Next
Last modified: October 10, 2016