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Ohio Rev. Code Ann. § 1776.21

Partnership as entity distinct from partners

Known as the Ohio Uniform Partnership Act

The act spans §§ 1776.01 to 1776.96 (73 sections).

Effective: August 6, 2008; Latest Legislation: House Bill 332 - 127th General Assembly

(A) A partnership is an entity distinct from its partners.

(B) A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under section 1776.81 of the Revised Code.

(C) Except as otherwise provided in the Revised Code or the partnership agreement, a partnership formed under this chapter has authority to engage in any activity in which a domestic corporation or a domestic limited liability company may lawfully engage and has the powers of a domestic corporation or domestic limited liability company.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.