Ohio § 1783.05
Full text of Ohio Ohio Revised Code § 1783.05, with citation guidance and answers to common questions.
§ 1783.05.
Interest in a limited partnership association is personal estate, and may be transferred
under rules prescribed by the association. Such transfer shall take effect when the instrument transferring the interest is
delivered for record, including the names of the parties thereto and the amount of
the interest so transferred, in the office of the county recorder, who shall enter
it. For such entry he shall receive the same fees as in other cases. No transferee of an interest, or the representatives of a decedent, or an insolvent,
shall be entitled thereafter to any participation in the subsequent business of the
association, unless he is elected thereto by a vote of a majority of the members in
number and value of their interests. Any change of ownership, whether by sale, death, bankruptcy, or otherwise, which
is not followed by election of the new owner to the association shall entitle the
owner only to his interest therein, at a price and upon terms to be mutually agreed
upon. In default of such agreement, the price and terms shall be fixed by an appraiser
appointed by the court of common pleas of the proper county, subject to the approval
of such court.
Frequently Asked Questions About Ohio § 1783.05
What does Ohio Revised Code § 1783.05 cover?
Section 1783.05 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 § 1783.05?
A common citation format is "Ohio Revised Code § 1783.05" (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 § 1783.05 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.