Ohio Code § 1701.882
Ohio Code § 1701.882. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1701.882.
(A) A dissolved corporation shall do all of the following: (1) Pay the claims made and not rejected under division (A) of section 1701.881 of the Revised Code ; (2) Post the security offered and not rejected under division (B) of section 1701.881 of the Revised Code ; (3) Post security ordered by the court in any proceeding under division (C) of section 1701.881 of the Revised Code ; (4) Make any payment required by a court acting under section 1701.89 of the Revised Code ; (5) Pay or make provision by insurance or otherwise for all other claims that are mature,
known, and uncontested or that have been finally determined to be owing by the corporation
and any other claims described in division (C)(2) of section 1701.881 of the Revised Code . (B) A corporation shall pay in full any claims and liabilities or provide for those payments
in full by insurance or otherwise if the corporation has sufficient assets. If the corporation does not have sufficient assets, a corporation shall pay claims
and liabilities or provide for those payments by insurance or otherwise in order of
their priority. Among claims of equal priority, the corporation shall apportion those payments to
the extent of funds legally available for the payment of those claims. Any remaining assets shall be distributed to the shareholders of the corporation
according to their respective rights and preferences. (C) In the absence of fraud, the judgment of the board of directors of the dissolved
corporation as to the provision the corporation made for the payment of all claims
under division (A)(5) of this section shall be conclusive.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1701.882
- 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 § 1701.882?
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 § 1701.882 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 § 1701.882 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.