Ohio Code § 1701.12
Ohio Code § 1701.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1701.12.
If an initial stated capital is set forth in its articles and a corporation commences
business before there has been paid in the amount of that initial stated capital,
no corporate transaction shall be invalidated thereby, but incorporators participating
in such transaction before the election of directors, and directors participating
therein, shall be jointly and severally liable for the debts of the corporation up
to an amount not exceeding in the aggregate the amount by which the stated capital
paid in at the time the corporation commenced business fails to equal the initial
stated capital set forth in the articles, until the amount set forth in the articles
has been paid in.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1701.12
- 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 § 1701.12?
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 § 1701.12 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 § 1701.12 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Statutes are amended, repealed, and renumbered every session.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.