Ohio § 1706.7611
Full text of Ohio Ohio Revised Code § 1706.7611, with citation guidance and answers to common questions.
§ 1706.7611.
(A) A dissolved series may dispose of any known claims against it by following the procedures
described in division (B) of this section, at any time after the effective date of
the dissolution of the series. (B) A dissolved series may give notice of the dissolution in a record to the holder of
any known claim. The notice shall do all of the following: (1) Identify the limited liability company and the dissolved series; (2) Describe the information required to be included in a claim; (3) Provide a mailing address to which the claim is to be sent; (4) State the deadline by which the dissolved series must receive the claim. The deadline shall not be sooner than one hundred twenty days from the effective
date of the notice. (5) State that if not sooner barred, the claim will be barred if not received by the
deadline. (C) Unless sooner barred by any other statute limiting actions, a claim against a dissolved
series is barred in either of the following circumstances: (1) If a claimant who was given notice under division (B) of this section does not deliver
the claim to the dissolved series by the deadline; (2) If a claimant whose claim was rejected by the dissolved series does not commence
a proceeding to enforce the claim within ninety days from the effective date of the
rejected notice. (D) For purposes of this section, “ claim ” includes an unliquidated claim, but does not include a contingent liability that
has not matured so that there is no immediate right to bring suit or a claim based
on an event occurring after the effective date of dissolution. (E) Nothing in this section shall be construed to extend any otherwise applicable statute
of limitations.
Frequently Asked Questions About Ohio § 1706.7611
What does Ohio Revised Code § 1706.7611 cover?
Section 1706.7611 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 § 1706.7611?
A common citation format is "Ohio Revised Code § 1706.7611" (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 § 1706.7611 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.