Ohio Code § 1706.7613
Ohio Code § 1706.7613. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1706.7613.
(A) Upon the winding up of a series, payment or adequate provision for payment shall
be made to creditors of the series, including, to the extent permitted by law, members
who are associated with the series and who are also creditors of the series, in satisfaction
of liabilities of the series. (B) After a series complies with division (A) of this section, any surplus shall be distributed
as follows: (1) First, to each person owning a membership interest associated with the series that
reflects contributions made on account of that membership interest and not previously
returned, an amount equal to the value of the person's unreturned contributions; (2) Then to each person owning a membership interest associated with the series in the
proportions in which the owners of membership interests associated with the series
share in distributions prior to dissolution of the series. (C) If the series does not have sufficient surplus to comply with division (B)(1) of
this section, any surplus shall be distributed among the owners of membership interests
associated with the series in proportion to the value of their respective unreturned
contributions.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1706.7613
- 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 § 1706.7613?
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 § 1706.7613 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 § 1706.7613 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Statutes are amended, repealed, and renumbered every session.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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