Ohio § 1701.12
Full text of Ohio Ohio Revised Code § 1701.12, with citation guidance and answers to common questions.
§ 1701.12.
If an initial stated capital is set forth in its articles and a corporation commences
business before there has been paid in the amount of that initial stated capital,
no corporate transaction shall be invalidated thereby, but incorporators participating
in such transaction before the election of directors, and directors participating
therein, shall be jointly and severally liable for the debts of the corporation up
to an amount not exceeding in the aggregate the amount by which the stated capital
paid in at the time the corporation commenced business fails to equal the initial
stated capital set forth in the articles, until the amount set forth in the articles
has been paid in.
Frequently Asked Questions About Ohio § 1701.12
What does Ohio Revised Code § 1701.12 cover?
Section 1701.12 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 § 1701.12?
A common citation format is "Ohio Revised Code § 1701.12" (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 § 1701.12 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.