Ohio Code § 1702.54
Ohio Code § 1702.54. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1702.54.
(A) No officer, director, employee, or agent of a corporation shall, either alone or
with another or others, with intent to deceive: (1) Make, issue, deliver, transmit by mail, or publish any prospectus, report, circular,
certificate, statement, balance sheet, exhibit, or document, respecting membership
rights in, or the activities, assets, liabilities, earnings, or accounts of, a corporation,
that is false in any material respect, knowing the same to be false; (2) Having charge of any books, minutes, records, or accounts of a corporation, make
therein any entry that is false in any material respect, knowing such entry to be
false, or remove, erase, alter, or cancel any entry therein, knowing that the entries
resulting therefrom will be false. (B) Whoever violates this section shall be personally liable, jointly and severally,
with all other persons participating with the person in any such act, to any person
for any damage actually suffered and proximately resulting from such act. (C) No action to enforce a liability under this section shall be brought after four years
from the time of the act complained of. (D) Remedies under this section are not exclusive of other remedies at common law or
under other statutes.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1702.54
- 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 § 1702.54?
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 § 1702.54 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 § 1702.54 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Statutes are amended, repealed, and renumbered every session.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.