Ohio § 1701.87

Full text of Ohio Ohio Revised Code § 1701.87, with citation guidance and answers to common questions.

§ 1701.87.

(A) A corporation shall give notice of a dissolution by certified or registered mail,

return receipt requested, to each known creditor and to each person that has a claim

against the corporation, including claims that are conditional, unmatured, or contingent

upon the occurrence or nonoccurrence of future events. (B) The notice shall state all of the following: (1) That all claims shall be presented in writing and shall identify the claimant and

contain sufficient information to reasonably inform the corporation of the substance

of the claim; (2) The mailing address to which the person must send the claim; (3) The deadline, which shall be not less than sixty days after the date the notice is

given, by which the corporation must receive the claim; (4) That the claim will be barred if the corporation does not receive the claim by the

deadline; (5) That the corporation may make distributions to other creditors or claimants, including

distributions to shareholders of the corporation, without further notice to the claimant. (C) Giving any notice or making any offer under this chapter shall not revive any claim

then barred or constitute acknowledgment by the corporation that any person to whom

the corporation sent notice under this section is a proper claimant and shall not

operate as a waiver of any defense or counterclaim. (D) A claim is barred if a claimant that was given written notice under division (A)

of this section does not deliver the claim to the dissolved corporation by the deadline

stated in the notice. (E) The corporation shall post the notice described in division (B) of this section on

any web site the corporation maintains in the corporation's name and shall provide

a copy of the notice to the secretary of state to be posted on the web site maintained

by the secretary of state in accordance with division (F) of this section. (F)(1) Except as provided in division (F)(2) of this section, the secretary of state shall

make both of the following available to the public in a format that is searchable,

viewable, and accessible through the internet: (a) A list of all domestic corporations that have filed a certificate of dissolution

or have had their articles canceled; (b) For each dissolved corporation on the list described in division (F)(1)(a) of this

section, a copy of both the certificate of dissolution and the notice delivered under

division (B) of this section. (2) After the materials relating to any dissolved or canceled corporation have been posted

for five years, the secretary of state may remove from the web site the information

that the secretary posted pursuant to division (F)(1) of this section that relates

to that corporation. (G) If the certificate of dissolution is filed five years or less after the effective

date of this amendment, the corporation shall publish the notice described in division

(B) of this section at least once a week for two successive weeks, in a newspaper

published and of general circulation in the county in which the principal office of

the corporation was to be or is located.

Frequently Asked Questions About Ohio § 1701.87

What does Ohio Revised Code § 1701.87 cover?

Section 1701.87 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 § 1701.87?

A common citation format is "Ohio Revised Code § 1701.87" (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 § 1701.87 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.