Ohio Code § 1706.281
Ohio Code § 1706.281. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1706.281.
(A) A promise by a member to make a contribution to a limited liability company, or a
series thereof, is not enforceable unless set forth in a writing signed by the member. (B) A member's obligation to make a contribution to a limited liability company, or a
series thereof, is not excused by the member's death, disability, or other inability
to perform personally. If a member does not make a contribution required by an enforceable promise, the
member or the member's estate is obligated, at the election of the limited liability
company, or a series thereof, to contribute money equal to the value of the portion
of the contribution that has not been made. The election shall be in addition to, and not in lieu of, any other rights, including
the right to specific performance, that the limited liability company, or a series
thereof, may have under the operating agreement or applicable law. (C)(1) The obligation of a member to make a contribution to a limited liability company
may be compromised only by consent of all the members. A conditional obligation of a member to make a contribution to a limited liability
company may not be enforced unless the conditions of the obligation have been satisfied
or waived as to or by that member. Conditional obligations include contributions payable upon a discretionary call
of a limited liability company before the time the call occurs. (2) The obligation of a member associated with a series to make a contribution to the
series may be compromised only by consent of all the members associated with that
series. A conditional obligation of a member to make a contribution to a series may not
be enforced unless the conditions of the obligation have been satisfied or waived
as to or by that member. Conditional obligations include contributions payable upon a discretionary call
of that series before the time the call occurs. (3) Division (C)(1) of this section shall not apply to a member's obligation to make
a contribution to a series of a limited liability company.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1706.281
- 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 § 1706.281?
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 § 1706.281 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 § 1706.281 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.