Ohio § 1702.341

§ 1702.341.

(A) Unless the articles, the regulations, or a written agreement with an officer establishes

additional fiduciary duties, the only fiduciary duties of an officer are the duties

to the corporation set forth in division (B) of this section. (B) An officer shall perform the officer's duties to the corporation in good faith, in

a manner the officer reasonably believes to be in or not opposed to the best interests

of the corporation, and with the care that an ordinarily prudent person in a like

position would use under similar circumstances.  In performing an officer's duties, an officer is entitled to rely on information,

opinions, reports, or statements, including financial statements and other financial

data, that are prepared or presented by any of the following: (1) One or more directors, officers, or employees of the corporation who the officer

reasonably believes are reliable and competent in the matters prepared or presented; (2) Counsel, public accountants, or other persons as to matters that the officer reasonably

believes are within the person's professional or expert competence. (C) For purposes of this section, both of the following apply: (1) In any action brought against an officer, the officer shall not be found to have

violated the officer's duties under division (B) of this section unless it is proved

by clear and convincing evidence that the officer has not acted in good faith, in

a manner the officer reasonably believes to be in or not opposed to the best interests

of the corporation, or with the care that an ordinarily prudent person in a like position

would use under similar circumstances. (2) An officer shall not be considered to be acting in good faith if the officer has

knowledge concerning the matter in question that would cause reliance on information,

opinions, reports, or statements that are prepared or presented by any of the persons

described in division (B)(1) or (2) of this section to be unwarranted. (D) An officer shall be liable in damages for a violation of the officer's duties under

division (B) of this section only if it is proved by clear and convincing evidence

in a court of competent jurisdiction that the officer's action or failure to act involved

an act or omission undertaken with deliberate intent to cause injury to the corporation

or undertaken with reckless disregard for the best interests of the corporation.  This division does not apply if, and only to the extent that, at the time of an

officer's act or omission that is the subject of the complaint, either of the following

is true: (1) The articles or the regulations of the corporation state by specific reference to

division (D) of this section that the provisions of division (D) of this section do

not apply to the corporation. (2) A written agreement between the officer and the corporation states by specific reference

to division (D) of this section that the provisions of division (D) of this section

do not apply to the officer. (E) Nothing in this section affects the duties of an officer who acts in any capacity

other than the officer's capacity as an officer.  Nothing in this section affects any contractual obligations of an officer to the

corporation.