Ohio § 1706.72
Full text of Ohio Ohio Revised Code § 1706.72, with citation guidance and answers to common questions.
§ 1706.72.
(A) An entity other than a limited liability company may convert to a limited liability
company, and a limited liability company may convert to an entity other than a limited
liability company pursuant to sections 1706.72 to 1706.723 of the Revised Code and a written declaration of conversion if all of the following apply: (1) The governing statute of the entity that is not a limited liability company authorizes
the conversion; (2) The law of the jurisdiction governing the converting entity and the converted entity
does not prohibit the conversion; (3) The converting entity and the converted entity comply with their respective governing
statutes and organizational documents in effecting the conversion. (B) A written declaration of conversion shall be in a record and include all of the following: (1) The name and form of the converting entity before conversion; (2) The name and form of the converted entity after conversion; (3) The terms and conditions of the conversion, including the manner and basis for converting
interests in the converting entity into any combination of money, interests in the
converted entity, and other consideration allowed under division (C) of this section. (4) The organizational documents of the converted entity that are, or are proposed to
be, in a record. (C) In connection with a conversion, rights or securities of or interests in the converting
entity may be any of the following: (1) Exchanged for or converted into cash, property, or rights or securities of or interests
in the converted entity; (2) In addition to or in lieu of division (C)(1) of this section, exchanged for or converted
into cash, property, or rights or securities of or interests in another entity; (3) Canceled.
Frequently Asked Questions About Ohio § 1706.72
What does Ohio Revised Code § 1706.72 cover?
Section 1706.72 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 § 1706.72?
A common citation format is "Ohio Revised Code § 1706.72" (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 § 1706.72 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.