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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1782.25 | Person may be both general and limited partner.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1782 Limited Partnerships
 
Effective:
April 1, 1985
Latest Legislation:
House Bill 607 - 115th General Assembly
PDF:
Download Authenticated PDF
 

A general partner of a limited partnership may make contributions to, and share in the profits and losses of and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to, and share in the profits, losses, and distributions of, the limited partnership as a limited partner.

A person who is both a general and a limited partner shall have all the rights and powers, and be subject to all the restrictions and liabilities of a general partner. Except as otherwise provided in the partnership agreement, a person who is both a general and a limited partner shall have the powers, and be subject to the restrictions, of a limited partner to the extent of his participation in the partnership as a limited partner.

Available Versions of this Section