Ohio § 1776.50
Full text of Ohio Ohio Revised Code § 1776.50, with citation guidance and answers to common questions.
§ 1776.50.
(A) On application by a judgment creditor of a partner or of a partner's transferee,
a court having jurisdiction may charge the economic interest of the judgment debtor
to satisfy the judgment. The court may appoint a receiver of the share of the distributions due or to become
due to the judgment debtor in respect of the partnership and make all other orders,
directions, accounts, and inquiries the judgment debtor might have made or which the
circumstances of the case may require. (B) A charging order constitutes a lien on the judgment debtor's economic interest in
the partnership. The court may order a foreclosure of the interest subject to the charging order
at any time. The purchaser at the foreclosure sale has the rights of a transferee. (C) At any time before foreclosure, an interest charged may be redeemed by any of the
following: (1) The judgment debtor; (2) One or more of the other partners by using property other than partnership property; (3) One or more of the other partners, with the consent of all of the partners whose
interests are not so charged, by using partnership property. (D) Nothing in this chapter deprives a partner of any right under exemption laws with
respect to the partner's interest in the partnership. (E) This section provides the exclusive remedy by which a judgment creditor of a partner,
or partner's transferee, may satisfy a judgment out of the judgment debtor's economic
interest in the partnership.
Frequently Asked Questions About Ohio § 1776.50
What does Ohio Revised Code § 1776.50 cover?
Section 1776.50 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 § 1776.50?
A common citation format is "Ohio Revised Code § 1776.50" (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 § 1776.50 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.