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OH SB179

Bill

Status

Introduced

8/10/2017

Primary Sponsor

Frank LaRose

Click for details

Origin

Senate

132nd General Assembly (2017-2018)

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

Committee Referrals

Government Oversight and Reform9/7/2017

Full Bill Text

No bill text available