Ohio Code § 1783.05
Ohio Code § 1783.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1783.05.
Interest in a limited partnership association is personal estate, and may be transferred
under rules prescribed by the association. Such transfer shall take effect when the instrument transferring the interest is
delivered for record, including the names of the parties thereto and the amount of
the interest so transferred, in the office of the county recorder, who shall enter
it. For such entry he shall receive the same fees as in other cases. No transferee of an interest, or the representatives of a decedent, or an insolvent,
shall be entitled thereafter to any participation in the subsequent business of the
association, unless he is elected thereto by a vote of a majority of the members in
number and value of their interests. Any change of ownership, whether by sale, death, bankruptcy, or otherwise, which
is not followed by election of the new owner to the association shall entitle the
owner only to his interest therein, at a price and upon terms to be mutually agreed
upon. In default of such agreement, the price and terms shall be fixed by an appraiser
appointed by the court of common pleas of the proper county, subject to the approval
of such court.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1783.05
- 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 § 1783.05?
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 § 1783.05 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 § 1783.05 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Statutes are amended, repealed, and renumbered every session.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.