Ohio § 1702.521
Full text of Ohio Ohio Revised Code § 1702.521, with citation guidance and answers to common questions.
§ 1702.521.
(A) Upon the complaint of not less than one-fourth of the directors of the corporation
or upon the complaint of not less than one-fourth of the voting members of the corporation,
the court of common pleas of the county in which the corporation maintains its principal
office may order the appointment of a provisional director for that corporation if
the articles or regulations of the corporation expressly provide for such an appointment. No appointment shall be made until a hearing is held by the court. Notice of the hearing shall be given to each director and the secretary of the corporation
in any manner that the court directs. The complainants shall establish at the hearing that, because of irreconcilable
differences among the existing directors or because there are no directors and the
voting members are unable to elect any directors, the continued operation of the corporation
has been substantially impeded or made impossible. (B) A provisional director shall have the same rights and duties as other directors and
shall serve until removed by the appointing court or by the members of the corporation
entitled to exercise a majority of the voting power of the corporation in the election
of directors or until the provisional director's earlier resignation or death. If the provisional director dies or resigns, the court, pursuant to division (A)
of this section, may appoint a replacement provisional director, upon its own motion
and without the filing of a complaint for the appointment of a provisional director. If the appointing court finds that the irreconcilable differences no longer exist,
it shall order the removal of the provisional director. (C) No person shall be appointed as a provisional director unless the person is generally
conversant with corporate affairs, has no legal or equitable interest in the obligations
of the corporation of which the person is to be appointed a director, and is not indebted
to such corporation. The compensation of a provisional director shall be determined by agreement with
the corporation for which the provisional director is serving, subject to the approval
of the appointing court, except that the appointing court may fix the provisional
director's compensation in the absence of agreement or in the event of disagreement
between the provisional director and the corporation. (D) A proceeding concerning the appointment of a provisional director of a corporation
is a special proceeding, and final orders issued in the proceeding may be vacated,
modified, or reversed on appeal pursuant to the Rules of Appellate Procedure and,
to the extent not in conflict with those rules, Chapter 2505. of the Revised Code.
Frequently Asked Questions About Ohio § 1702.521
What does Ohio Revised Code § 1702.521 cover?
Section 1702.521 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 § 1702.521?
A common citation format is "Ohio Revised Code § 1702.521" (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 § 1702.521 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.