Ohio Rev. Code § 1705.161

Current with legislation from 2024 received as of August 15, 2024.

Section 1705.161 - [Repealed]

R.C. § 1705.161

Amended by 134th General Assembly, HB 110,§610.1165, eff. 9/30/2021.

Repealed by 133rd General Assembly, SB 276,§3, eff. 1/1/2022.

Amended by 131st General Assembly, SB 181,§1, eff. 7/6/2016.

Added by 129th General Assembly, HB 48, §1, eff. 5/4/2012.

Committee Comment (2012)*

This new section is based on the comparable provision of Ohio's partnership law, § 1776.53(B). It defines the time when certain duties owed by a member will terminate and is part of a set of provisions that define, by statute, the fiduciary duties of members (and managers). See§§ 1705.281, 1705.282; see also§ 1705.29(B).

*Comments on 129th General Assembly, HB 48, from the Ohio State Bar Association Corporation Law Committee