Ohio Rev. Code § 1319.08: Use of postclosing solvency covenant.
Where this section sits in the code
- Title 13 Commercial Transactions
- Chapter 1319 Miscellaneous Credit Transactions
(A) A postclosing solvency covenant shall not be used, directly or indirectly, as a nonrecourse carveout or as the basis for any claim or action against a borrower or any guarantor or other surety on a nonrecourse loan.
(B) A provision in the documents for a nonrecourse loan that does not comply with division (A) of this section is invalid and unenforceable.
Collected 2026-09-14T19:24:29Z. Source file · JSON