Ohio § 1706.47

Full text of Ohio Ohio Revised Code § 1706.47, with citation guidance and answers to common questions.

§ 1706.47.

A limited liability company is dissolved, and its activities shall be wound up, upon

the occurrence of any of the following: (A) An event or circumstance that the operating agreement states causes dissolution; (B) The consent of all the members; (C) A limited liability company with canceled articles has failed to cure the grounds

for cancellation for three years or more and any member or person authorized pursuant

to section 1706.18 of the Revised Code consents to the dissolution; (D) The passage of ninety consecutive days after the occurrence of the dissociation of

the last remaining member;  provided that upon dissociation of the last remaining

member pursuant to division (E) of section 1706.411 of the Revised Code , the limited liability company shall not be dissolved if either of the following

applies: (1) The operating agreement provides for the admission of a substitute member effective

prior to the passage of such time period; (2) A substitute member has been admitted, as evidenced by a written record, prior to

the passage of such time period, which admission is to be effective as of the date

of such dissociation. (E) On application by a member, the entry by the appropriate court of an order dissolving

the limited liability company on the grounds that it is not reasonably practicable

to carry on the limited liability company's activities in conformity with the operating

agreement.

Frequently Asked Questions About Ohio § 1706.47

What does Ohio Revised Code § 1706.47 cover?

Section 1706.47 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 § 1706.47?

A common citation format is "Ohio Revised Code § 1706.47" (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 § 1706.47 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.