Ohio § 1703.28
Full text of Ohio Ohio Revised Code § 1703.28, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Ohio § 1703.28
What does Ohio Revised Code § 1703.28 cover?
Section 1703.28 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1703.28?
A common citation format is "Ohio Revised Code § 1703.28" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1703.28 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.