Ohio Code § 1702.521
Ohio Code § 1702.521. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1702.521.
(A) Upon the complaint of not less than one-fourth of the directors of the corporation
or upon the complaint of not less than one-fourth of the voting members of the corporation,
the court of common pleas of the county in which the corporation maintains its principal
office may order the appointment of a provisional director for that corporation if
the articles or regulations of the corporation expressly provide for such an appointment. No appointment shall be made until a hearing is held by the court. Notice of the hearing shall be given to each director and the secretary of the corporation
in any manner that the court directs. The complainants shall establish at the hearing that, because of irreconcilable
differences among the existing directors or because there are no directors and the
voting members are unable to elect any directors, the continued operation of the corporation
has been substantially impeded or made impossible. (B) A provisional director shall have the same rights and duties as other directors and
shall serve until removed by the appointing court or by the members of the corporation
entitled to exercise a majority of the voting power of the corporation in the election
of directors or until the provisional director's earlier resignation or death. If the provisional director dies or resigns, the court, pursuant to division (A)
of this section, may appoint a replacement provisional director, upon its own motion
and without the filing of a complaint for the appointment of a provisional director. If the appointing court finds that the irreconcilable differences no longer exist,
it shall order the removal of the provisional director. (C) No person shall be appointed as a provisional director unless the person is generally
conversant with corporate affairs, has no legal or equitable interest in the obligations
of the corporation of which the person is to be appointed a director, and is not indebted
to such corporation. The compensation of a provisional director shall be determined by agreement with
the corporation for which the provisional director is serving, subject to the approval
of the appointing court, except that the appointing court may fix the provisional
director's compensation in the absence of agreement or in the event of disagreement
between the provisional director and the corporation. (D) A proceeding concerning the appointment of a provisional director of a corporation
is a special proceeding, and final orders issued in the proceeding may be vacated,
modified, or reversed on appeal pursuant to the Rules of Appellate Procedure and,
to the extent not in conflict with those rules, Chapter 2505. of the Revised Code.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1702.521
- 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
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What subject does Ohio Revised Code § 1702.521 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 § 1702.521 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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