Ohio Code § 1702.58
Ohio Code § 1702.58. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1702.58.
(A) Except as provided in sections 1702.01 to 1702.58 of the Revised Code , the provisions of those sections shall apply only to domestic corporations, and
except as otherwise provided in this section, the provisions of those sections shall
apply to all domestic corporations, whether formed under those sections or under previous
laws of this state. (B) Special provisions in the Revised Code for the organization, conduct, or government
of designated classes of corporations shall govern to the exclusion of the provisions
of sections 1702.01 to 1702.58 of the Revised Code on the same subject, except where it clearly appears that a special provision is
cumulative, in which case, that provision and the provisions of those sections on
the same subject shall apply. (C) A corporation incorporated prior to June 9, 1927, with authority to issue shares
may continue to issue and reissue shares in accordance with its articles, but shall
be without authority to amend its articles in order to increase the authorized number
of shares. (D) A corporation created before September 1, 1851, that (1) has expressly elected to
be governed by the laws passed since that date; (2) subsequent to that date has taken
such action under laws then in effect as to make it subject, as a matter of law, to
the Constitution of 1851 and laws passed under the Constitution of 1851; or (3) subsequent
to October 1, 1955, takes any action under sections 1702.01 to 1702.58 of the Revised Code that but for those sections it would not be authorized to take, shall be deemed to
be a corporation exercising its corporate privileges under the Constitution of this
state and the laws passed in pursuance of the Constitution of this state, and not
otherwise. (E)(1) A corporation created before September 1, 1851, and actually carrying on its activities
in this state, and which prior to October 11, 1955, has not taken action described
in division (D) of this section, may accept the provisions of sections 1702.01 to 1702.58 of the Revised Code at a meeting of voting members held for that purpose, by a resolution to that effect
adopted by the affirmative vote of a majority of the voting members present in person,
by the use of authorized communications equipment, by mail, or, if permitted, by proxy
if a quorum is present, and by filing in the office of the secretary of state a copy
of the resolution certified by any authorized officer of the corporation, for which
filing the secretary of state shall charge and collect a fee of five dollars. Thereafter the corporation shall be deemed to exercise its corporate privileges
under the Constitution of this state and the laws passed in pursuance of the Constitution
of this state, and not otherwise. (2) For purposes of division (E)(1) of this section, participation by a voting member
at a meeting through the use of any of the means of communication described in that
division constitutes presence in person of that voting member at the meeting for purposes
of determining a quorum. (F) Except as provided in divisions (D) and (E) of this section, a corporation created
before September 1, 1851, shall be governed by the laws in force on that date as modified
since that date. (G) A domestic business corporation, upon compliance with the provision of the Revised
Code that is in effect from time to time relating to that business corporation's becoming
a nonprofit corporation upon amendment to its articles or upon adoption of amended
articles, as provided by law, shall, upon filing the prescribed certificate in the
office of the secretary of state, become a corporation subject to the provisions of,
and entitled to all the rights, privileges, immunities, powers, franchises, and authority
granted by, this chapter.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1702.58
- 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
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What subject does Ohio Revised Code § 1702.58 address?
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Is Ohio Revised Code § 1702.58 still in force?
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