Ohio § 1336.02
Full text of Ohio Ohio Revised Code § 1336.02, with citation guidance and answers to common questions.
§ 1336.02.
(A)(1) A debtor is insolvent if the sum of the debts of the debtor is greater than all of
the assets of the debtor at a fair valuation. (2) A debtor who generally is not paying his debts as they become due is presumed to
be insolvent. (B) A partnership is insolvent under division (A)(1) of this section if the sum of the
debts of the partnership is greater than the aggregate, at a fair valuation, of all
of the assets of the partnership and the sum of the excess of the value of the nonpartnership
assets of each general partner over the nonpartnership debts of the general partner. (C) For purposes of this section: (1) “Assets” do not include property that has been transferred, concealed, or removed
with intent to hinder, delay, or defraud creditors, or that has been transferred in
a manner making the transfer fraudulent under section 1336.04 or 1336.05 of the Revised Code . (2) “Debts” do not include an obligation to the extent that it is secured by a valid
lien on property of the debtor not included as an asset.
Frequently Asked Questions About Ohio § 1336.02
What does Ohio Revised Code § 1336.02 cover?
Section 1336.02 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1336.02?
A common citation format is "Ohio Revised Code § 1336.02" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1336.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.