Ohio § 1706.761
Full text of Ohio Ohio Revised Code § 1706.761, with citation guidance and answers to common questions.
§ 1706.761.
(A) Subject to division (B) of this section, both of the following apply: (1) The debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise
existing with respect to a series shall be enforceable against the assets of that
series only, and shall not be enforceable against the assets of the limited liability
company generally or any other series thereof. (2) None of the debts, liabilities, obligations, and expenses incurred, contracted for,
or otherwise existing with respect to the limited liability company generally or any
other series thereof shall be enforceable against the assets of a series. (B) Division (A) of this section applies only if all of the following conditions are
met: (1) The records maintained for that series account for the assets of that series separately
from the other assets of the company or any other series. (2) The operating agreement contains a statement to the effect of the limitations provided
in division (A) of this section. (3) The limited liability company's articles of organization contains a statement that
the limited liability company may have one or more series of assets subject to the
limitations provided in division (A) of this section.
Frequently Asked Questions About Ohio § 1706.761
What does Ohio Revised Code § 1706.761 cover?
Section 1706.761 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 § 1706.761?
A common citation format is "Ohio Revised Code § 1706.761" (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 § 1706.761 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.