Ohio Code § 1701.23

Ohio Code § 1701.23. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 1701.23.

(A) By the express terms of shares of any class or series, such shares may be redeemable,

in whole at one time or in part from time to time, at the option of the corporation,

or at a specified time or event, in such manner and upon such conditions, price, and

notice as are provided in said express terms.  The exercise of such right of redemption shall, however, be subject to the limitations

provided in section 1701.35 of the Revised Code . (B) Unless otherwise provided in the articles, redemption of a part only of the outstanding

shares on call shall be pro rata or by lot in such manner as the directors deem equitable.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 1701.23
  • Jurisdiction: Ohio
  • Code: Ohio Revised Code
  • Text: transcribed from the official source (verify below)

Verify the text

Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:

Not legal advice. Verify against the official source and consult a licensed Ohio attorney.

Common questions

What is the source of Ohio Revised Code § 1701.23?

The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.

What subject does Ohio Revised Code § 1701.23 address?

It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

Is Ohio Revised Code § 1701.23 still in force?

Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.

Can this page be used as legal advice?

No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.

Nearby provisions in Ohio