Ohio Code § 1701.883
Ohio Code § 1701.883. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1701.883.
(A) The dissolution of a corporation shall not affect the limited liability of a shareholder
with respect to transactions occurring or acts or omissions done or omitted in the
name of or by the corporation. (B) A shareholder who receives a distribution of assets from a dissolved corporation
shall not be liable for any claim against the corporation in an amount in excess of
the amount of shareholder's pro rata share of the claim or the amount distributed
to the shareholder, whichever is less. The aggregate liability of any shareholder for claims against a dissolved corporation
shall not exceed the amount distributed to that stockholder after the dissolution. (C) A shareholder of a dissolved corporation, the assets of which were distributed pursuant
to this chapter, may be liable for a claim against the corporation only if an action
on that claim is commenced before expiration of the period specified in division (B)(2) of section 1701.88 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1701.883
- 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 § 1701.883?
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 § 1701.883 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 § 1701.883 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Statutes are amended, repealed, and renumbered every session.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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