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2021 Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1706 | Ohio Revised Limited Liability Company Act
Section 1706.32 | Indemnification, Advancement, Reimbursement, and Insurance.
Universal Citation: Ohio Rev Code § 1706.32 (2021)
Effective: April 12, 2021
Latest Legislation: Senate Bill 276 - 133rd General Assembly
A limited liability company, or a series thereof, may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person, and purchase and maintain insurance on behalf of a member or other person.
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