Ohio § 1776.23
Full text of Ohio Ohio Revised Code § 1776.23, with citation guidance and answers to common questions.
§ 1776.23.
(A) Property acquired by a partnership is property of the partnership and not the property
of the partners individually. (B) Property is partnership property if the property is acquired in the name of either
of the following: (1) The partnership; (2) One or more partners when the instrument transferring title to the property indicates
that the transferee holds the property in the capacity as a partner, or that a partnership
exists but without an indication of the name of the partnership. (C) Property is acquired in the name of the partnership by a transfer to either of the
following: (1) The partnership in its name; (2) One or more partners in their capacity as partners in the partnership, if the name
of the partnership is indicated in the instrument transferring title to the property. (D) Property is presumed to be partnership property if purchased with partnership assets,
even if it is not acquired as described in division (B) of this section. (E) Property acquired in the name of one or more of the partners, when there is no indication
in the instrument transferring title to the property of the person's capacity as a
partner or of the existence of a partnership and without the use of partnership assets,
is presumed to be separate property, even if used for partnership purposes.
Frequently Asked Questions About Ohio § 1776.23
What does Ohio Revised Code § 1776.23 cover?
Section 1776.23 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 § 1776.23?
A common citation format is "Ohio Revised Code § 1776.23" (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 § 1776.23 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.