Ohio Code § 1776.55
Ohio Code § 1776.55. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1776.55.
(A) For two years after a partner dissociates without resulting in a dissolution and
winding up of the partnership business, the partnership, including a surviving partnership
under section 1776.68 of the Revised Code , is bound by any act of the dissociated partner that would have bound the partnership
under section 1776.31 of the Revised Code before dissociation only if, at the time of entering into the transaction all of
the following were true: (1) The other party reasonably believed that the dissociated partner was then a partner. (2) The other party did not have notice of the partner's dissociation. (3) The other party is not deemed to have had knowledge under division (E) of section 1776.33 of the Revised Code or notice under division (C) of section 1776.57 of the Revised Code . (B) A dissociated partner is liable to the partnership for any damage caused to the partnership
arising from an obligation incurred by the dissociated partner after dissociation
for which the partnership is liable under division (A) of this section.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1776.55
- 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 § 1776.55 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.
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Statutes are amended, repealed, and renumbered every session.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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