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41 chapters · 1,271 sections in this title.
Ohio Rev. Code Ann. § 1701.88 Winding up or obtaining reinstatement - powers and duties of directors
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(A) When a corporation is dissolved voluntarily, when the articles of a corporation have been canceled, or when the period of existence of the corporation specified in its articles has expired, the corporation shall cease to carry on business and shall do only such acts as are re…
Ohio Rev. Code Ann. § 1701.881 Notice of rejection of claim; offer of security
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(A) A corporation that has given notice under division (A) of section 1701.87 of the Revised Code may reject, in whole or in part, any matured claim made by a claimant by sending notice of the rejection by certified or registered mail, return receipt requested, to the claimant wi…
Ohio Rev. Code Ann. § 1701.882 Satisfaction of obligations; payments
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(A) A dissolved corporation shall do all of the following: (1) Pay the claims made and not rejected under division (A) of section 1701.881 of the Revised Code;(2) Post the security offered and not rejected under division (B) of section 1701.881 of the Revised Code;(3) Post securi…
Ohio Rev. Code Ann. § 1701.883 Liability of shareholder of dissolved corporation
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(A) The dissolution of a corporation shall not affect the limited liability of a shareholder with respect to transactions occurring or acts or omissions done or omitted in the name of or by the corporation. (B) A shareholder who receives a distribution of assets from a dissolved …