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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 3903.20 | Dissolution of corporate existence.

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3903 Reserve Valuation; Rehabilitation And Liquidation
 
Effective:
March 7, 1983
Latest Legislation:
House Bill 830 - 114th General Assembly
PDF:
Download Authenticated PDF
 

The superintendent of insurance may file a motion for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time he files a complaint for a liquidation order. The court shall order dissolution of the corporation upon motion by the superintendent upon or after the granting of a liquidation order. If the dissolution has not previously been ordered, it shall be effected by operation of law upon the discharge of the liquidator if the insurer is insolvent but may be ordered by the court upon the discharge of the liquidator if the insurer is under a liquidation order for some other reason.

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