Ohio § 1776.62
Full text of Ohio Ohio Revised Code § 1776.62, with citation guidance and answers to common questions.
§ 1776.62.
(A) Subject to division (B) of this section, a partnership may continue after dissolution
only for the purpose of winding up its business. The partnership is terminated when its business is completed. (B) At any time after the dissolution of a partnership and before the winding up of its
business is completed, all of the partners, including any dissociating partner other
than a wrongfully dissociating partner, may waive the right to have the partnership's
business wound up and the partnership terminated. In that event, both of the following apply: (1) The partnership shall resume carrying on its business as if dissolution had never
occurred, and any liability incurred by the partnership or a partner after the dissolution
and before the waiver is determined as if dissolution had never occurred. (2) The dissolution shall not affect the rights of a third party accruing under division (A) of section 1776.64 of the Revised Code or arising out of conduct in reliance on the dissolution if those rights accrued
or arose before the third party knew or received a notification of the waiver.
Frequently Asked Questions About Ohio § 1776.62
What does Ohio Revised Code § 1776.62 cover?
Section 1776.62 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 § 1776.62?
A common citation format is "Ohio Revised Code § 1776.62" (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 § 1776.62 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.