Ohio § 1776.53 Effect of partner's dissociation

Ohio Statutes

§ 1776.53 — Effect of partner's dissociation

Ohio § 1776.53

Title 17Corporations-Partnerships

Ch. 1776Ohio Uniform Partnership Act

This text of Ohio § 1776.53 (Effect of partner's dissociation) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1776.53 (2026).

Text

(A)If a partner's dissociation results in a dissolution and winding up of the partnership business, sections1776.61to1776.67of the Revised Code apply. Otherwise, sections1776.54to1776.58of the Revised Code apply.

(B)Upon a partner's dissociation, all of the following apply:

(1)The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section1776.63of the Revised Code;

(2)The partner's duty of loyalty under division (B)(3) of section1776.44of the Revised Code terminates;

(3)The partner's duty of loyalty under divisions (B)(1) and (2) of section1776.44of the Revised Code and duty of care under division (C) of section1776.44of the Revised Code continue only with regard to matters arising and events

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(A) If a partner's dissociation results in a dissolution and winding up of the partnership business, sections1776.61to1776.67of the Revised Code apply. Otherwise, sections1776.54to1776.58of the Revised Code apply.

(B) Upon a partner's dissociation, all of the following apply:

(1) The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section1776.63of the Revised Code;

(2) The partner's duty of loyalty under division (B)(3) of section1776.44of the Revised Code terminates;

(3) The partner's duty of loyalty under divisions (B)(1) and (2) of section1776.44of the Revised Code and duty of care under division (C) of section1776.44of the Revised Code continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's business pursuant to section1776.63of the Revised Code.