Ohio Code § 1706.412
Ohio Code § 1706.412. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1706.412.
(A) A person who has dissociated as a member shall have no right to participate as a
member in the activities and affairs of the limited liability company and is entitled
only to receive the distributions to which that member would have been entitled if
the member had not dissociated. (B) Upon a person's dissociation, the member's duty of loyalty and duty of care under
divisions (C) and (D) of section 1706.31 of the Revised Code continue only with regard to matters arising and events occurring before the member's
dissociation, unless the member participates in winding up the limited liability company's
business pursuant to section 1706.472 of the Revised Code . (C) A person's dissociation as a member does not of itself discharge the person from
any debt, obligation, or liability to a limited liability company or the other members
that the person incurred while a member.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1706.412
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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 § 1706.412?
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 § 1706.412 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 § 1706.412 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Statutes are amended, repealed, and renumbered every session.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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