Ohio Code § 1701.83
Ohio Code § 1701.83. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1701.83.
(A) To effect a combination or majority share acquisition, the directors of the acquiring
corporation shall authorize such transaction. If the articles or regulations of the acquiring corporation require such transaction
to be authorized by its shareholders, or if such transaction involves the issuance
or transfer by the acquiring corporation of such number of its shares as entitle the
holders to exercise one-sixth or more of the voting power of such corporation in the
election of directors immediately after the consummation of such transaction, the
transaction shall also be authorized by the shareholders of the acquiring corporation
at a meeting held for the purpose, by the affirmative vote of the holders of shares
entitling them to exercise two-thirds of the voting power of the acquiring corporation
on such proposal or such different proportion as the articles provide, but not less
than a majority, and by such affirmative vote of the holders of shares of any particular
class as is required by the articles of such corporation. Notice of the meeting of the shareholders shall be given to all shareholders, whether
or not entitled to vote thereat. Such notice shall be accompanied by a copy or summary of the terms of proposed combination
or majority share acquisition. (B) The directors of the acquiring corporation may abandon such combination or majority
share acquisition, if authorized to do so by the terms of the combination or majority
share acquisition. (C) An action to set aside any combination or majority share acquisition on the ground
that any section of the Revised Code applicable thereto has not been complied with,
shall be brought within ninety days after the completion of such transaction, or be
forever barred.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1701.83
- 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 § 1701.83?
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 § 1701.83 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 § 1701.83 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.
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No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.