Ohio Code § 1706.761
Ohio Code § 1706.761. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1706.761.
(A) Subject to division (B) of this section, both of the following apply: (1) The debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise
existing with respect to a series shall be enforceable against the assets of that
series only, and shall not be enforceable against the assets of the limited liability
company generally or any other series thereof. (2) None of the debts, liabilities, obligations, and expenses incurred, contracted for,
or otherwise existing with respect to the limited liability company generally or any
other series thereof shall be enforceable against the assets of a series. (B) Division (A) of this section applies only if all of the following conditions are
met: (1) The records maintained for that series account for the assets of that series separately
from the other assets of the company or any other series. (2) The operating agreement contains a statement to the effect of the limitations provided
in division (A) of this section. (3) The limited liability company's articles of organization contains a statement that
the limited liability company may have one or more series of assets subject to the
limitations provided in division (A) of this section.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1706.761
- 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 § 1706.761?
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 § 1706.761 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 § 1706.761 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Statutes are amended, repealed, and renumbered every session.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.