Ohio § 1706.51
Full text of Ohio Ohio Revised Code § 1706.51, with citation guidance and answers to common questions.
§ 1706.51.
(A) The law of the state or other jurisdiction under which a foreign limited liability
company is formed governs all of the following: (1) The organization and internal affairs of the foreign limited liability company; (2) The liability of a member as a member for the debts, obligations, or other liabilities
of the foreign limited liability company or a series thereof; (3) The authority of the members and agents of a foreign limited liability company or
a series thereof; (4) The liability of the following for the obligations of another series or the foreign
limited liability company: (a) The assets of the foreign limited liability company; (b) The assets of a series thereof. (B) A foreign limited liability company's application for registration as a foreign limited
liability company may not be denied by reason of any difference between the laws of
the jurisdiction under which the limited liability company is formed and the laws
of this state. (C) A foreign limited liability company, including a foreign limited liability company
that has filed a registration as a foreign limited liability company, may not engage
in any activities in this state that a limited liability company is forbidden to engage
in by the laws of this state. (D) A foreign limited liability company that has filed a registration as a foreign limited
liability company shall in this state: (1) Have the same but no greater rights than a limited liability company; (2) Have the same but no greater privileges than a limited liability company; (3) Except as otherwise provided by this chapter, be subject to the same duties, restrictions,
penalties, and liabilities now or later imposed on a limited liability company.
Frequently Asked Questions About Ohio § 1706.51
What does Ohio Revised Code § 1706.51 cover?
Section 1706.51 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 § 1706.51?
A common citation format is "Ohio Revised Code § 1706.51" (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 § 1706.51 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.