Ohio § 1706.412
Full text of Ohio Ohio Revised Code § 1706.412, with citation guidance and answers to common questions.
§ 1706.412.
(A) A person who has dissociated as a member shall have no right to participate as a
member in the activities and affairs of the limited liability company and is entitled
only to receive the distributions to which that member would have been entitled if
the member had not dissociated. (B) Upon a person's dissociation, the member's duty of loyalty and duty of care under
divisions (C) and (D) of section 1706.31 of the Revised Code continue only with regard to matters arising and events occurring before the member's
dissociation, unless the member participates in winding up the limited liability company's
business pursuant to section 1706.472 of the Revised Code . (C) A person's dissociation as a member does not of itself discharge the person from
any debt, obligation, or liability to a limited liability company or the other members
that the person incurred while a member.
Frequently Asked Questions About Ohio § 1706.412
What does Ohio Revised Code § 1706.412 cover?
Section 1706.412 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 § 1706.412?
A common citation format is "Ohio Revised Code § 1706.412" (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 § 1706.412 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.