Ohio Code § 1776.32
Ohio Code § 1776.32. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1776.32.
(A) Partnership property may be transferred as follows: (1) Partnership property held in the name of the partnership may be transferred by an
instrument of transfer a partner executes in the partnership name, subject to any
statement of partnership authority under section 1776.33 of the Revised Code . (2) Partnership property held in the name of one or more partners, when the instrument
transferring the property to them indicates their capacity as partners or of the existence
of a partnership but does not indicate the name of the partnership, may be transferred
by an instrument of transfer executed by the persons in whose name the property is
held. (3) Partnership property held in the name of one or more persons other than the partnership,
without an indication in the instrument transferring the property to them of their
capacity as partners or of the existence of a partnership, may be transferred by an
instrument of transfer executed by the persons in whose name the property is held. (B) A partnership may recover partnership property from a transferee only if it proves
that the execution of the instrument of initial transfer did not bind the partnership
under section 1776.31 of the Revised Code and that either of the following is true: (1) A subsequent transferee who gave value for property transferred under division (A)(1)
or (2) of this section knew or had received a notification that the person who executed
the instrument of initial transfer lacked authority to bind the partnership; (2) A transferee who gave value for property transferred under division (A)(3) of this
section, knew or had received a notification that the property was partnership property
and the person who executed the instrument of initial transfer lacked authority to
bind the partnership. (C) A partnership may not recover partnership property from a subsequent transferee if,
under division (B) of this section, the partnership would not have been entitled to
recover the property from any earlier transferee of the property. (D) If a person holds all interests of all partners in the partnership, all of the partnership
property vests in that person. The person may execute a document in the name of the partnership to evidence vesting
of the property in that person and may file or record the document.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1776.32
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1776.32 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1776.32 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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