{"data":{"id":"us-oh/ohio-rev.-code-1319.08","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1319.08","heading":"Use of postclosing solvency covenant.","body":"(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.\n(B) A provision in the documents for a nonrecourse loan that does not comply with division (A) of this section is invalid and unenforceable.","path":["Title 13 Commercial Transactions","Chapter 1319 Miscellaneous Credit Transactions"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1319.08","current_through":"2013-03-27 (House Bill 479 - 129th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"5b3d36133e7111cdb83c636f48acda402cb7ed3483119c59081ef87ca8c9410a","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1319.07","next":"us-oh/ohio-rev.-code-1319.09"},"notice":"GroundRules: Original legal text. Not legal advice."}