Ohio Code § 1782.42
Ohio Code § 1782.42. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1782.42.
(A) An assignee of a partnership interest, including an assignee of a general partner,
may become a limited partner if, and to the extent that, either of the following occurs: (1) The assignor gives the assignee that right in accordance with authority described
in the partnership agreement; (2) All other partners consent. (B) An assignee who has become a limited partner has, to the extent assigned, the rights
and powers, and is subject to the restrictions and liabilities, of a limited partner
under the partnership agreement and this chapter. An assignee who becomes a limited partner also is liable for the obligations of
his assignor to make and return contributions as provided in sections 1782.31 to 1782.37 of the Revised Code . The assignee is not obligated for liabilities that could not be ascertained from
a written partnership agreement and that were unknown to the assignee at the time
he became a limited partner. (C) Regardless of whether an assignee of a partnership interest becomes a limited partner,
the assignor is not released from his liability to the limited partnership under sections 1782.14 and 1782.28 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1782.42
- 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 § 1782.42 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 § 1782.42 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Statutes are amended, repealed, and renumbered every session.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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