Ohio Code § 1776.44
Ohio Code § 1776.44. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1776.44.
(A) The only fiduciary duties a partner owes to the partnership and the other partners
are the duty of loyalty and the duty of care set forth in divisions (B) and (C) of
this section. (B) A partner's duty of loyalty to the partnership and the other partners is limited
to the following: (1) To account to the partnership and hold as trustee for it any property, profit, or
benefit derived by the partner in the conduct and winding up of the partnership business
or derived from a use by the partner of partnership property, including the appropriation
of a partnership opportunity; (2) To refrain from dealing with the partnership in the conduct or winding up of the
partnership business as or on behalf of a party having an interest adverse to the
partnership; (3) To refrain from competing with the partnership in the conduct of the partnership
business before the dissolution of the partnership. (C) A partner's duty of care to the partnership and the other partners in the conduct
and winding up of the partnership business is limited to refraining from engaging
in grossly negligent or reckless conduct, intentional misconduct, or a knowing violation
of law. (D) A partner shall discharge duties to the partnership and the other partners pursuant
to this chapter or under the partnership agreement and shall exercise any rights consistent
with the obligation of good faith and fair dealing. (E) A partner does not violate a duty or obligation under this chapter, or under the
partnership agreement, merely because the partner's conduct furthers the partner's
own interest. (F) A partner may lend money to and transact other business with the partnership, and
as to each loan or transaction the rights and obligations of the partner are the same
as those of a person who is not a partner, subject to other applicable law. (G) This section applies to a person winding up the partnership business as the personal
or legal representative of the last surviving partner as if the person were a partner.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1776.44
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
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
What is the source of Ohio Revised Code § 1776.44?
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 § 1776.44 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 § 1776.44 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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No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.