Ohio Code § 1783.12
Ohio Code § 1783.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1783.12.
When a limited partnership association is dissolved by the voluntary action of its
members, its property shall be applied as follows: (A) First, to the payment of all its debts for work and labor; and to secure such debts,
in case its property is insufficient, the separate estate of each partner shall be
liable without limitation or exemption, except as provided by law; (B) Second, to the satisfaction of its other liabilities and indebtedness; (C) Third, to distributions among the members, in proportion to their respective interests,
by three liquidating trustees who shall be elected by the members of the association
and who may wind up the concern and distribute the net assets thereof among the members
under the direction of the court of common pleas of the proper county.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1783.12
- 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 § 1783.12?
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 § 1783.12 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 § 1783.12 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Statutes are amended, repealed, and renumbered every session.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.