Ohio § 1782.42
Full text of Ohio Ohio Revised Code § 1782.42, with citation guidance and answers to common questions.
§ 1782.42.
(A) An assignee of a partnership interest, including an assignee of a general partner,
may become a limited partner if, and to the extent that, either of the following occurs: (1) The assignor gives the assignee that right in accordance with authority described
in the partnership agreement; (2) All other partners consent. (B) An assignee who has become a limited partner has, to the extent assigned, the rights
and powers, and is subject to the restrictions and liabilities, of a limited partner
under the partnership agreement and this chapter. An assignee who becomes a limited partner also is liable for the obligations of
his assignor to make and return contributions as provided in sections 1782.31 to 1782.37 of the Revised Code . The assignee is not obligated for liabilities that could not be ascertained from
a written partnership agreement and that were unknown to the assignee at the time
he became a limited partner. (C) Regardless of whether an assignee of a partnership interest becomes a limited partner,
the assignor is not released from his liability to the limited partnership under sections 1782.14 and 1782.28 of the Revised Code .
Frequently Asked Questions About Ohio § 1782.42
What does Ohio Revised Code § 1782.42 cover?
Section 1782.42 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 § 1782.42?
A common citation format is "Ohio Revised Code § 1782.42" (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 § 1782.42 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.