Ohio § 1782.40
Full text of Ohio Ohio Revised Code § 1782.40, with citation guidance and answers to common questions.
§ 1782.40.
Except as otherwise provided in the partnership agreement, a partnership interest
is assignable in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership or
entitle the assignee to become, or to exercise any rights of, a partner. An assignment entitles the assignee to receive to the extent assigned such distributions
of cash and other property and such allocations of profits, losses, income, gains,
deductions, credits, or similar items to which the assignee's assignor would have
been entitled. Except as otherwise provided in the partnership agreement, an assignor ceases to
be a partner upon assignment of all of the assignor's partnership interest. Unless otherwise provided in a partnership agreement and except to the extent assumed
by agreement, until an assignee of a partnership interest becomes a partner, the assignee
shall have no liability as a partner solely as a result of the assignment.
Frequently Asked Questions About Ohio § 1782.40
What does Ohio Revised Code § 1782.40 cover?
Section 1782.40 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 § 1782.40?
A common citation format is "Ohio Revised Code § 1782.40" (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 § 1782.40 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.