Ohio § 1702.54
Full text of Ohio Ohio Revised Code § 1702.54, with citation guidance and answers to common questions.
§ 1702.54.
(A) No officer, director, employee, or agent of a corporation shall, either alone or
with another or others, with intent to deceive: (1) Make, issue, deliver, transmit by mail, or publish any prospectus, report, circular,
certificate, statement, balance sheet, exhibit, or document, respecting membership
rights in, or the activities, assets, liabilities, earnings, or accounts of, a corporation,
that is false in any material respect, knowing the same to be false; (2) Having charge of any books, minutes, records, or accounts of a corporation, make
therein any entry that is false in any material respect, knowing such entry to be
false, or remove, erase, alter, or cancel any entry therein, knowing that the entries
resulting therefrom will be false. (B) Whoever violates this section shall be personally liable, jointly and severally,
with all other persons participating with the person in any such act, to any person
for any damage actually suffered and proximately resulting from such act. (C) No action to enforce a liability under this section shall be brought after four years
from the time of the act complained of. (D) Remedies under this section are not exclusive of other remedies at common law or
under other statutes.
Frequently Asked Questions About Ohio § 1702.54
What does Ohio Revised Code § 1702.54 cover?
Section 1702.54 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 § 1702.54?
A common citation format is "Ohio Revised Code § 1702.54" (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 § 1702.54 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.