Ohio § 1776.03
Full text of Ohio Ohio Revised Code § 1776.03, with citation guidance and answers to common questions.
§ 1776.03.
(A) Except as otherwise provided in division (B) of this section, the partnership agreement
governs relations among the partners and between the partners and the partnership. To the extent the partnership agreement does not otherwise provide, this chapter
governs relations among the partners and between the partners and the partnership. (B) The partnership agreement may not do any of the following: (1) Vary the rights and duties under section 1776.05 of the Revised Code except to eliminate the duty to provide copies of statements to all of the partners; (2) Unreasonably restrict the right of access to books and records under division (B) of section 1776.43 of the Revised Code ; (3) Eliminate the duty of loyalty under division (B) of section 1776.44 of the Revised Code or division (B)(3) of section 1776.53 of the Revised Code , but the partnership agreement may identify specific types or categories of activities
that do not violate the duty of loyalty, if not manifestly unreasonable, and all of
the partners or a number or percentage specified in the partnership agreement may
authorize or ratify, after full disclosure of all material facts, a specific act or
transaction that otherwise would violate the duty of loyalty; (4) Unreasonably reduce the duty of care under division (C) of section 1776.44 of the Revised Code or division (B)(3) of section 1776.53 of the Revised Code ; (5) Eliminate the obligation of good faith and fair dealing under division (D) of section 1776.44 of the Revised Code , but the partnership agreement may prescribe the standards by which the performance
of the obligation is to be measured, if the standards are not manifestly unreasonable; (6) Vary the power to dissociate as a partner under division (A) of section 1776.52 of the Revised Code , except to require the notice under division (A) of section 1776.51 of the Revised Code to be in writing; (7) Vary the right of a tribunal to expel a partner in the events specified in division (E) of section 1776.51 of the Revised Code ; (8) Vary the requirement to wind up the partnership business in cases specified in division (D) , (E) , or (F) of section 1776.61 of the Revised Code ; (9) Vary the law applicable to a limited liability partnership under division (B) of section 1776.06 of the Revised Code ; (10) Restrict rights of third parties under this chapter.
Frequently Asked Questions About Ohio § 1776.03
What does Ohio Revised Code § 1776.03 cover?
Section 1776.03 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 § 1776.03?
A common citation format is "Ohio Revised Code § 1776.03" (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 § 1776.03 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.