Ohio § 1776.55
Full text of Ohio Ohio Revised Code § 1776.55, with citation guidance and answers to common questions.
§ 1776.55.
(A) For two years after a partner dissociates without resulting in a dissolution and
winding up of the partnership business, the partnership, including a surviving partnership
under section 1776.68 of the Revised Code , is bound by any act of the dissociated partner that would have bound the partnership
under section 1776.31 of the Revised Code before dissociation only if, at the time of entering into the transaction all of
the following were true: (1) The other party reasonably believed that the dissociated partner was then a partner. (2) The other party did not have notice of the partner's dissociation. (3) The other party is not deemed to have had knowledge under division (E) of section 1776.33 of the Revised Code or notice under division (C) of section 1776.57 of the Revised Code . (B) A dissociated partner is liable to the partnership for any damage caused to the partnership
arising from an obligation incurred by the dissociated partner after dissociation
for which the partnership is liable under division (A) of this section.
Frequently Asked Questions About Ohio § 1776.55
What does Ohio Revised Code § 1776.55 cover?
Section 1776.55 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 § 1776.55?
A common citation format is "Ohio Revised Code § 1776.55" (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 § 1776.55 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.