Ohio § 1703.29
Full text of Ohio Ohio Revised Code § 1703.29, with citation guidance and answers to common questions.
§ 1703.29.
(A) The failure of any corporation to obtain a license under sections 1703.01 to 1703.31 of the Revised Code , does not affect the validity of any contract with such corporation, but no foreign
corporation that should have obtained such license shall maintain any action in any
court until it has obtained such license. Before any such corporation shall maintain such action on any cause of action arising
at the time when it was not licensed to transact business in this state, it shall
pay to the secretary of state a forfeiture of two hundred fifty dollars and file in
the secretary of state's office the papers required by divisions (B) or (C) of this
section, whichever is applicable. (B) If such corporation has not been previously licensed to do business in this state
or if its license has been surrendered it shall file as required by division (A) of
this section: (1) Its application for a license certificate, together with the filing fee, with such
information as the secretary of state requires as to the time it began to transact
business in this state and as to the number of its issued shares represented in this
state, and with the license fees on its shares represented in this state plus a forfeiture
of fifteen per cent thereon. (2) A certificate from the tax commissioner that the corporation has paid all taxes that
it should have paid had it qualified to do business in this state at the time it began
to do so, plus any penalties assessable on said taxes on account of failure to pay
them within the time prescribed by law, or a certificate of the commissioner that
the corporation has furnished security satisfactory to the commissioner for the payment
of all such taxes and penalties. (C) If such corporation has been previously licensed to transact business in this state
and its license has expired or has been canceled by the secretary of state upon order
of the commissioner, or for failure to designate an agent for service of process,
it shall file, within two years of the cancellation or expiration, with the secretary
of state its application for reinstatement, as provided by law, together with the
proper reinstatement fee plus a forfeiture of fifteen per cent thereon. Upon the filing of such application and payment of such fees and penalties or forfeitures,
the secretary of state shall issue to such corporation a license certificate.
Frequently Asked Questions About Ohio § 1703.29
What does Ohio Revised Code § 1703.29 cover?
Section 1703.29 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 § 1703.29?
A common citation format is "Ohio Revised Code § 1703.29" (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 § 1703.29 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.