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Ohio Rev. Code
2020 Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1705 | Limited Liability Companies
Section 1705.49 | [Repealed Effective 1/1/2022] Member Commencing Action on Behalf of Company.
Universal Citation:
Ohio Rev Code § 1705.49 (2020)
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective: July 1, 1994
Latest Legislation: Senate Bill 74 - 120th General Assembly
A member of a limited liability company in which the management is not reserved to its members may commence an action on behalf of the company to recover a judgment in its favor if the managers of the company with authority to commence the action have refused to do so or if an effort to cause those managers to commence the action is not likely to succeed.
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