Ohio § 1706.512
Full text of Ohio Ohio Revised Code § 1706.512, with citation guidance and answers to common questions.
§ 1706.512.
(A) A foreign limited liability company shall not be considered to be transacting business
in this state within the meaning of sections 1706.51 to 1706.515 of the Revised Code by reason of its or any one or more of its series' carrying on in this state any
of the following actions: (1) Maintaining, defending, or settling in its own behalf any proceeding or dispute; (2) Holding meetings or carrying on any other activities concerning its internal affairs; (3) Maintaining accounts in financial institutions; (4) Maintaining offices or agencies for the assignment, exchange, and registration of
the foreign limited liability company's or its series' own securities or interests
or maintaining trustees or depositories with respect to those securities or interests; (5) Selling through independent contractors; (6) Soliciting or obtaining orders, whether by mail or electronic means or through employees
or agents or otherwise, if the orders require acceptance outside this state before
they become contracts; (7) Creating, as borrower or lender, or acquiring indebtedness, mortgages, or security
interests in real or personal property; (8) Securing or collecting debts in its own behalf or enforcing mortgages or other security
interests in real or personal property securing those debts, and holding, protecting,
and maintaining property so acquired; (9) Owning real or personal property; (10) Conducting an isolated transaction that is not one in the course of repeated transactions
of a like nature; (11) Transacting business in interstate commerce. (B) A foreign limited liability company shall not be considered to be transacting business
in this state solely because it or any one or more of its series: (1) Owns a controlling interest in an entity that is transacting business in this state; (2) Is a limited partner of a limited partnership or foreign limited partnership that
is transacting business in this state; (3) Is a member of a limited liability company or foreign limited liability company that
is transacting business in this state. (C) This section does not apply in determining the contacts or activities that may subject
a foreign limited liability company, or a series thereof, to service of process, taxation,
or regulation under laws of this state other than this chapter. (D) Nothing in this section shall limit or affect the right to subject a foreign limited
liability company, or a series thereof, to the jurisdiction of the courts of this
state or to serve upon any foreign limited liability company, or series thereof, any
process, notice, or demand required or permitted by law to be served upon a foreign
limited liability company, or series thereof, pursuant to any other provision of law
or pursuant to the applicable rules of civil procedure.
Frequently Asked Questions About Ohio § 1706.512
What does Ohio Revised Code § 1706.512 cover?
Section 1706.512 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 § 1706.512?
A common citation format is "Ohio Revised Code § 1706.512" (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 § 1706.512 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.