Loading chat...
OH SB179
Bill
Status
8/10/2017
Primary Sponsor
Frank LaRose
Click for details
AI Summary
-
Authorizes Secretary of State to implement electronic notification system allowing persons to request alerts when business names containing specific words are registered
-
Establishes automatic dissolution of limited liability companies when last remaining member ceases to be a member, unless operating agreement provides for substitute member admission within 90 days
-
Allows dissolving corporations to provide affidavit instead of Department of Taxation certificate to prove payment of required taxes during dissolution process
-
Creates new sections 1705.431 and 1705.441 establishing procedures for dissolved LLC notice to creditors, claim deadlines, security offers, and receiver appointment for winding up affairs
-
Allows religious organizations to choose to be treated as unincorporated nonprofit associations and modifies director/officer liability standards for nonprofit corporations
Legislative Description
Authorize automatic dissolution of LLCs and business name alerts
Commerce
Last Action
Reported - Substitute: Government Oversight and Reform
11/28/2018