Ohio § 1782.23
Full text of Ohio Ohio Revised Code § 1782.23, with citation guidance and answers to common questions.
§ 1782.23.
Except as approved by the specific written consent of all partners at the time, a
person ceases to be a general partner of a limited partnership upon the happening
of any of the following events of withdrawal: (A) The general partner withdraws from the limited partnership as provided in section 1782.32 of the Revised Code ; (B) The general partner ceases to be a general partner of the limited partnership as
provided in section 1782.40 of the Revised Code ; (C) The general partner is removed as a general partner in accordance with the partnership
agreement; (D) Unless otherwise provided in writing in the partnership agreement, the general partner
does one of the following: (1) Makes an assignment for the benefit of creditors; (2) Files a voluntary petition in bankruptcy; (3) Is adjudicated a bankrupt or insolvent; (4) Files a petition or answer seeking for himself any reorganization, arrangement, composition,
readjustment, liquidation, dissolution, or similar relief under any statute, law,
or rule; (5) Files an answer or other pleading admitting or failing to contest the material allegations
of a petition filed against him in any proceeding described in division (D)(4) of
this section; (6) Seeks, consents to, or acquiesces in the appointment of a trustee, receiver, or liquidator
of the general partner or of all or any substantial part of his properties. (E) Unless otherwise provided in writing in the partnership agreement, one hundred twenty
days have elapsed after the commencement of any proceeding against the general partner
seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution,
or similar relief under any statute, law, or rule and the proceeding has not been
dismissed, or within ninety days after an appointment, without his consent or acquiescence,
of a trustee, receiver, or liquidator of the general partner or of all or any substantial
part of his properties, the appointment is not vacated or stayed, or within ninety
days after the expiration of such a stay, the appointment is not vacated; (F) In the case of a general partner who is a natural person, his death or the entry
by a court adjudicating him an incompetent, as defined in section 2111.01 of the Revised Code ; (G) In the case of a general partner who is acting as a general partner by virtue of
being a trustee of a trust, the termination of the trust, but not merely the substitution
of a new trustee; (H) In the case of a general partner that is a separate partnership, the dissolution
and commencement of winding up of the separate partnership; (I) In the case of a general partner that is a corporation, the filing of a certificate
of dissolution, or its equivalent, for the corporation or the revocation of its charter
unless the charter is reinstated within ninety days after the revocation; (J) In the case of a general partner that is an estate, the distribution by the fiduciary
of the estate's entire interest in the partnership; (K) In the case of a general partner that is a limited liability company, the dissolution
and commencement of winding up of the limited liability company.
Frequently Asked Questions About Ohio § 1782.23
What does Ohio Revised Code § 1782.23 cover?
Section 1782.23 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 § 1782.23?
A common citation format is "Ohio Revised Code § 1782.23" (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 § 1782.23 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.