Ohio Rev. Code § 1705.19

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

Section 1705.19 - [Repealed]

R.C. § 1705.19

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Repealed by 133rd General Assembly, SB 276,§3, eff. 1/1/2022.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 129th General Assembly, HB 48, §1, eff. 5/4/2012.

Effective Date: 07-01-1994; 10-12-2006

Committee Comment (2012)*

New divisions (B) and (C) have been added to state that a judgment creditor's sole and exclusive remedy with respect to a membership interest in a limited liability company is a charging order. The charging order is the only remedy, whether the membership interest is or is not evidenced by a certificate, or whether it is a membership interest of a single member limited liability company. New division (D) has been added to provide flexibility to the company and its members in dealing with a charging order against one of its members.

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