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OH HB267
Bill
Status
5/22/2012
Primary Sponsor
John Eklund
Click for details
AI Summary
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Adopts the Revised Uniform Unincorporated Nonprofit Association Act (RUNAA) by enacting new sections 1745.05-1745.57 of the Revised Code, establishing comprehensive statutory framework for unincorporated nonprofit associations including definitions, governance, liability, and dissolution procedures.
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Expands merger and consolidation authority to allow nonprofit corporations and unincorporated nonprofit associations to merge with or consolidate into various entity types (for-profit corporations, limited partnerships, limited liability companies, etc.), not just entities of the same type.
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Adds new section 1702.411 to permit domestic nonprofit corporations to merge into or consolidate into surviving entities other than domestic corporations, subject to approval requirements for public benefit corporations and attorney general review.
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Creates corresponding merger and consolidation provisions for unincorporated nonprofit associations in new sections 1745.46-1745.49, with enhanced protections for public benefit associations requiring court approval and attorney general notice.
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Repeals prior unincorporated association provisions (sections 1745.01, 1745.02, 1745.04) and makes conforming amendments throughout the Revised Code to reference "unincorporated nonprofit association" in multiple statutes governing insurance guaranty associations, workers' compensation, alcoholic beverages, and Medicaid trusts.
Legislative Description
To adopt the Revised Uniform Unincorporated Nonprofit Association Act and to revise the merger and consolidation provisions of the Nonprofit Corporation Law.
Uniform Unincorporated Nonprofit Assn Act /Nonprofit Corporation Law-merger provisions
Last Action
Effective Date
5/22/2012