Ohio § 1746.16
Full text of Ohio Ohio Revised Code § 1746.16, with citation guidance and answers to common questions.
§ 1746.16.
(A) Any business trust that transacts business in this state in violation of this chapter
shall forfeit not less than one thousand nor more than ten thousand dollars. Such forfeiture shall be recovered in an action in the name of the state brought
in the court of common pleas of Franklin county, or in the court of common pleas of
any county in which the business trust has transacted business or has property or
a place of business, by the attorney general or the prosecuting attorney. If such action is brought by the attorney general, such forfeiture shall on collection
be paid into the state treasury to the credit of the general revenue fund. If brought by the prosecuting attorney, one-half of such forfeiture shall on collection
be paid to the treasurer of the county in which action was brought and one-half shall
be paid into the state treasury to the credit of the general revenue fund. In addition to such forfeiture, the court shall render a judgment that the business
trust pay the filing fees required by division (B) of section 1746.04 of the Revised Code , plus interest on the fees at the rate of eight per cent per annum for the time during
which the court determines that the business trust transacted business in this state
in violation of section 1746.03 of the Revised Code . An action for the recovery of such forfeiture and filing fee shall be brought within
five years after the business trust has ceased to transact business in this state. (B) For good cause shown, the secretary of state, with the consent of the attorney general,
before or after judgment, or the court in which an action is pending for the collection
of a forfeiture, may remit all or part of the forfeiture.
Frequently Asked Questions About Ohio § 1746.16
What does Ohio Revised Code § 1746.16 cover?
Section 1746.16 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 § 1746.16?
A common citation format is "Ohio Revised Code § 1746.16" (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 § 1746.16 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.