OH SB146

Codifies into Ohio Revised Code the legal standard for "piercing the corporate veil," which allows governmental entities to hold business owners personally liable for entity debts

Applies to corporations, LLCs, limited partnerships, and other entities where owners are generally not responsible for entity obligations

Requires governmental entities to prove three elements to pierce the veil: (1) the owner exerted such control that the entity had no separate existence, (2) the owner used that control to commit fraud or illegal acts, and (3) the government sustained injury from that conduct

Establishes a "safe harbor" list of activities that cannot alone justify piercing the veil, including providing services to the entity, loaning funds, sharing officers/directors, or receiving dividends

Applies retroactively to pending cases without final appealable orders, places the burden of proof on the governmental entity, and preserves existing general partner liability in limited partnerships