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Ohio · Through 2013-03-27 (House Bill 479 - 129th General Assembly)

Ohio Rev. Code § 1319.08: Use of postclosing solvency covenant.

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Where this section sits in the code
  1. Title 13 Commercial Transactions
  2. 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

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