Ohio Code § 1776.56

Ohio Code § 1776.56. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 1776.56.

(A) A partner's dissociation does not of itself discharge the partner's liability for

a partnership obligation incurred before dissociation.  A dissociated partner is not liable for a partnership obligation incurred after

dissociation, except as otherwise provided in division (B) of this section. (B) A partner who dissociates without resulting in a dissolution and winding up of the

partnership business is liable as a partner to the other party in a transaction entered

into by the partnership, or a surviving partnership under sections 1776.68 to 1776.79 of the Revised Code , within two years after the partner's dissociation, only if pursuant to section 1776.36 of the Revised Code the partner would have been liable for the obligation if the transaction had been

entered into while the person was a partner and, 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

and reasonably relied on that belief in entering into the transaction. (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 . (C) By agreement with the partnership creditor and the partners continuing the business,

a dissociated partner may be released from liability for a partnership obligation. (D) A dissociated partner is released from liability for a partnership obligation if

a partnership creditor, with notice of the partner's dissociation but without the

partner's consent, agrees to a material alteration in the nature or time of payment

of a partnership obligation.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 1776.56
  • 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:

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Common questions

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