Ohio Code § 1782.37
Ohio Code § 1782.37. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1782.37.
(A) A limited partnership shall not make a distribution to a partner to the extent that
at the time of the distribution, after giving effect to the distribution, all liabilities
of the limited partnership, other than liabilities to partners on account of their
partnership interests and liabilities for which the recourse of creditors is limited
to specified property of the limited partnership, exceed the fair value of the assets
of the limited partnership. The fair value of the property that is subject to a liability for which the recourse
of creditors is limited shall be included in the assets of the limited partnership
only to the extent that the fair value of that property exceeds that liability. (B) A limited partner who receives a distribution in violation of division (A) of this
section and who knew at the time of the distribution that the distribution violated
division (A) of this section shall be liable to the limited partnership for the amount
of the distribution. A limited partner who receives a distribution in violation of division (A) of this
section and who did not know at the time of the distribution that the distribution
violated division (A) of this section shall not be liable under this section for the
amount of the distribution. (C) No action shall be brought upon any cause of action arising under division (B) of
this section at any time after three years from the date of the distribution.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1782.37
- 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 § 1782.37?
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 § 1782.37 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 § 1782.37 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.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.