GroundRules
← Search the law
Ohio · Through 2021-04-12 (Senate Bill 276 - 133rd General Assembly)

Ohio Rev. Code § 1706.76: Separate asset series-designation by operating agreement.

Read at publisher ↗
Where this section sits in the code
  1. Title 17 Corporations-Partnerships
  2. Chapter 1706 Ohio Revised Limited Liability Company Act

(A) An operating agreement may establish or provide for the establishment of one or more designated series of assets that has both of the following:

(1) Either or both of the following:

(a) Separate rights, powers, or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations;

(b) A separate purpose or investment objective.

(2) At least one member associated with each series.

(B) A series established in accordance with division (A) of this section may carry on any activity, whether or not for profit.

Collected 2026-09-14T19:24:29Z. Source file · JSON

Browse this collection