Ohio Code § 1703.28
Ohio Code § 1703.28. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1703.28.
Any foreign corporation required to be licensed under sections 1703.01 to 1703.31, inclusive, of the Revised Code , which transacts business in this state without being so licensed, or when its license
has expired or been canceled and has not been reinstated, shall forfeit not less than
two hundred fifty dollars nor more than ten thousand dollars. Such forfeiture shall be recovered in an action in the name of the state brought
in the court of common pleas of Franklin county, or in any county in which the corporation
has transacted business or has property or a place of business, by the attorney general
or by the prosecuting attorney. If such action is brought by the attorney general such forfeiture shall on collection
be paid into the state treasury to the credit of the general revenue fund, and if
brought by the prosecuting attorney one half of such forfeiture shall on collection
be paid to the treasurer of the county in which such action was brought and one half
shall be paid into the state treasury to the credit of the general revenue fund. In addition to such forfeiture the court shall require that the corporation pay
all amounts it should have paid under sections 1703.01 to 1703.31, inclusive, of the Revised Code , as a filing fee and as annual franchise taxes, plus interest thereon at the rate
of six per cent per annum, for all years in which the court determines it was transacting
business in this state without being so licensed and shall render judgment for such
amount. Proceedings for the recovery of such forfeiture, filing fee, and annual franchise
taxes must be commenced not later than five years after such corporation has ceased
to transact any business in this state. For good cause shown, the secretary of state, with the consent of the attorney general,
may remit the forfeiture or a part thereof, with or without bringing suit and before
or after judgment, and the court in which an action is pending for the collection
of a forfeiture, may remit all or part of the forfeiture for good cause shown.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1703.28
- 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 § 1703.28?
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 § 1703.28 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 § 1703.28 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.