Ohio § 1706.7613
Full text of Ohio Ohio Revised Code § 1706.7613, with citation guidance and answers to common questions.
§ 1706.7613.
(A) Upon the winding up of a series, payment or adequate provision for payment shall
be made to creditors of the series, including, to the extent permitted by law, members
who are associated with the series and who are also creditors of the series, in satisfaction
of liabilities of the series. (B) After a series complies with division (A) of this section, any surplus shall be distributed
as follows: (1) First, to each person owning a membership interest associated with the series that
reflects contributions made on account of that membership interest and not previously
returned, an amount equal to the value of the person's unreturned contributions; (2) Then to each person owning a membership interest associated with the series in the
proportions in which the owners of membership interests associated with the series
share in distributions prior to dissolution of the series. (C) If the series does not have sufficient surplus to comply with division (B)(1) of
this section, any surplus shall be distributed among the owners of membership interests
associated with the series in proportion to the value of their respective unreturned
contributions.
Frequently Asked Questions About Ohio § 1706.7613
What does Ohio Revised Code § 1706.7613 cover?
Section 1706.7613 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 § 1706.7613?
A common citation format is "Ohio Revised Code § 1706.7613" (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 § 1706.7613 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.