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.