Ohio § 1701.23
Full text of Ohio Ohio Revised Code § 1701.23, with citation guidance and answers to common questions.
§ 1701.23.
(A) By the express terms of shares of any class or series, such shares may be redeemable,
in whole at one time or in part from time to time, at the option of the corporation,
or at a specified time or event, in such manner and upon such conditions, price, and
notice as are provided in said express terms. The exercise of such right of redemption shall, however, be subject to the limitations
provided in section 1701.35 of the Revised Code . (B) Unless otherwise provided in the articles, redemption of a part only of the outstanding
shares on call shall be pro rata or by lot in such manner as the directors deem equitable.
Frequently Asked Questions About Ohio § 1701.23
What does Ohio Revised Code § 1701.23 cover?
Section 1701.23 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 § 1701.23?
A common citation format is "Ohio Revised Code § 1701.23" (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 § 1701.23 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.