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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.

Ohio Revised Code Search

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dissolution
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Section 1545.39 | Ceasing activity pending determination on petition.

...ls election, or the court finds against dissolution, whichever is earlier.

Section 169.02 | Further defining unclaimed funds.

...property distributable in the course of dissolution or liquidation of a holder that are unclaimed for one year after the date set by the holder for distribution; (I) All moneys, rights to moneys, or other intangible property removed from a safe-deposit box or other safekeeping repository located in this state or removed from a safe-deposit box or other safekeeping repository of a holder, on which the lease or renta...

Section 1701.01 | General corporation law definitions.

...the holders of shares of any class upon dissolution, liquidation, merger, or consolidation of the corporation, or upon sale of all or substantially all of its assets. (O) "Insolvent" means that the corporation is unable to pay its obligations as they become due in the usual course of its affairs. (P) "Parent corporation" or "parent" means a domestic or foreign corporation that owns and holds of record shares of a...

Section 1701.76 | Sale or other disposition of assets of corporation - limitations.

...forever barred. (E) If a resolution of dissolution is adopted pursuant to section 1701.86 of the Revised Code, the directors may dispose of all, or substantially all, of the corporation's assets without the necessity of a shareholders' authorization under this section. (F) The terms and conditions of any transaction under this section shall be subject to the limitations specified in section 2307.97 of the Revi...

Section 1701.95 | Liability for unlawful loans, dividends, distribution of assets.

...p of the affairs of the corporation, on dissolution or otherwise, without the payment of all known obligations of the corporation or without making adequate provision for their payment; (c) The making of a loan, other than in the usual course of business, to an officer, director, or shareholder of the corporation, other than in either of the following cases: (i) In the case of a savings and loan association or of a...

Section 1702.04 | Articles of incorporation.

...governing the distribution of assets on dissolution; (6) Any provision that may be set forth in the regulations; (7) A provision specifying the period of existence of the corporation if it is to be otherwise than perpetual; (8) Any additional provision permitted by this chapter. (C) A written appointment of a statutory agent for the purposes set forth in section 1702.06 of the Revised Code shall be filed with the...

Section 1702.55 | Liability of members, directors and officers of corporation.

...p of the affairs of the corporation, on dissolution or otherwise, without the payment of all known obligations of the corporation, or without making adequate provision therefor; (3) The making of loans, other than in the usual conduct of its affairs or in accordance with provisions therefor in the articles, to an officer or director of the corporation other than if, at the time of the making of the loan, a majority...

Section 1704.01 | Transactions involving interested shareholders definitions.

... adoption of a plan or proposal for the dissolution, winding up of the affairs, or liquidation of the issuing public corporation that is proposed by, on behalf of, or pursuant to a written or unwritten agreement, arrangement, or understanding with an interested shareholder or an affiliate or associate of an interested shareholder. (6) Any of the following, if the direct or indirect effect is to increase the pr...

Section 1704.03 | Corporation engaging in certain transactions.

... entitled upon voluntary or involuntary dissolution of the issuing public corporation, plus the aggregate amount per share of dividends declared or due that those holders are entitled to receive before payment of dividends on another class or series of shares, unless the aggregate amount per share of those dividends is included in the preferential amount. (b) The form of consideration to be received by holders of ea...

Section 1706.341 | Assignment of limited liability company interest.

...mpany. (3) Does not by itself cause a dissolution and winding up of the limited liability company, or a series thereof; (4) Subject to section 1706.332 of the Revised Code, does not entitle the assignee to do either of the following: (a) Participate in the management or conduct of the activities of the limited liability company, or a series thereof; (b) Have access to records or other information concerning t...

Section 1706.475 | Winding up payment to creditors and distribution of surplus.

...interests share in distributions before dissolution. (C) If the limited liability company does not have sufficient surplus to comply with division (B)(1) of this section, any surplus shall be distributed among the owners of membership interests in proportion to the value of their respective unreturned contributions.

Section 1706.723 | Conversion effect.

...ion shall not be deemed to constitute a dissolution of the converting entity, or series thereof. (7) For all purposes of the laws of this state, the rights, privileges, powers, and interests in property of the converting entity, and all series thereof, as well as the debts, liabilities, and duties of the converting entity, and all series thereof, shall not be deemed to have been assigned to the converted entity as ...

Section 1706.7613 | Separate asset series-distribution of funds upon wind up.

... series share in distributions prior to dissolution of the series. (C) If the series does not have sufficient surplus to comply with division (B)(1) of this section, any surplus shall be distributed among the owners of membership interests associated with the series in proportion to the value of their respective unreturned contributions.

Section 1710.14 | Contributions from municipal corporation that created downtown redevelopment district.

...ict under this section remain after the dissolution or expiration of the downtown redevelopment district, the board shall pay the remaining amount to the contributing municipal corporation, which shall credit the money to its general fund.

Section 1711.23 | Title to fairgrounds vests in county on dissolution of society.

...When a county agricultural society ceases to exist, in a county out of whose treasury payments have been made for real estate, or improvements thereon, for the use of such society, or for the liquidation of indebtedness of such society, all such real estate and improvements shall vest in fee simple in the county by which the payments were made.

Section 1715.26 | Dissolution of association.

...Subject to the contract rights of its members, an incorporated young men's Christian association may dissolve by a majority vote of the membership and by filing with the secretary of state a copy of the certificate of its action.

Section 1724.12 | Contributions from municipal corporation that created downtown redevelopment district.

...ion under this section remain after the dissolution or expiration of the downtown redevelopment district, the board shall pay the remaining amount to the contributing municipal corporation, which shall credit the money to its general fund.

Section 1728.112 | Urban redevelopment tax increment equivalent fund.

... tax increment equivalent fund upon its dissolution shall be transferred to the general fund of the municipal corporation.

Section 1729.25 | Liability of members, directors, officers.

...p of the affairs of the association, on dissolution or otherwise, without the payment of all known obligations of the association, or without making adequate provision for the payment of the obligations; (c) The making of loans, other than in the usual conduct of the association's affairs or in accordance with the association's articles or bylaws, to an officer, director, or member of the association. (2)(a) In cas...

Section 1729.49 | Disposing of assets of association.

...ded for the adoption of a resolution of dissolution in section 1729.55 of the Revised Code. A plan of disposition shall set forth a general description or summary of the assets subject to disposition; the method of disposition; the intended transferee of the assets, if known to the board; and a general description of any material effect the board believes the disposition will have on the interests of the members and ...

Section 1745.56 | Liability of managers and members.

...p of the affairs of the association on dissolution or otherwise without the payment of all known obligations of the association or without making adequate provision for that payment; (c) The making of loans, other than in the usual conduct of its affairs or in accordance with provisions for the making of loans in the governing principles, to an officer, manager, or member of the association. (2) The managers ...

Section 1747.05 | General powers of trust.

...to terminate its existence by voluntary dissolutions; (10) To exercise the foregoing powers in the business name of the trust or in the name of one or more of its trustees or nominees; (11) To exercise the foregoing powers by acting through one or more of its duly authorized trustees, officers, or agents; (12) Generally, to exercise the powers set forth in its trust instrument and those granted by law and to do ev...

Section 1761.10 | Guarantee fund.

...ntractual liabilities, and all costs of dissolution shall be distributed to the participating credit unions in accordance with their share balances, less any outstanding debts owed to the corporation.

Section 1776.01 | Definitions.

...57 of the Revised Code, a statement of dissolution under section 1776.65 of the Revised Code, a certificate of merger or a certificate of consolidation under section 1776.70 of the Revised Code, a certificate of conversion under section 1776.74 of the Revised Code, a statement of qualification under section 1776.81 of the Revised Code, a statement of foreign qualification under section 1776.86 of the Revise...

Section 1776.44 | General standards of partner's conduct.

... of the partnership business before the dissolution of the partnership. (C) A partner's duty of care to the partnership and the other partners in the conduct and winding up of the partnership business is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law. (D) A partner shall discharge duties to the partnership and the other partn...