Ohio Code § 1782.40
Ohio Code § 1782.40. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1782.40.
Except as otherwise provided in the partnership agreement, a partnership interest
is assignable in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership or
entitle the assignee to become, or to exercise any rights of, a partner. An assignment entitles the assignee to receive to the extent assigned such distributions
of cash and other property and such allocations of profits, losses, income, gains,
deductions, credits, or similar items to which the assignee's assignor would have
been entitled. Except as otherwise provided in the partnership agreement, an assignor ceases to
be a partner upon assignment of all of the assignor's partnership interest. Unless otherwise provided in a partnership agreement and except to the extent assumed
by agreement, until an assignee of a partnership interest becomes a partner, the assignee
shall have no liability as a partner solely as a result of the assignment.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1782.40
- 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 § 1782.40?
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 § 1782.40 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 § 1782.40 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Statutes are amended, repealed, and renumbered every session.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.