Effective: March 18, 1983
Latest Legislation: Senate Bill 435 - 114th General Assembly
No business trust shall be authorized to transact business in this state unless it complies with section 1746.04 of the Revised Code, except that a business trust that is transacting business in this state on the effective date of this section may continue to transact business in this state without complying with this chapter and, if it makes the filings described in section 1746.04 of the Revised Code, shall be deemed to have elected to operate under this chapter. A business trust shall be deemed to be transacting business in this state for purposes of this chapter only if such business trust maintains a place of business in this state from which it regularly engages on its own behalf in activities permitted by its trust instrument and permitted under this chapter, provided that nothing contained in this chapter shall prohibit any business trust that does not transact business within the meaning set forth in this section from voluntarily complying with the provisions of this chapter.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1746 | Business Trusts
Section 1746.01 | Business Trust Definitions.
Section 1746.02 | Status of Business Trusts.
Section 1746.03 | Compliance With Chapter.
Section 1746.04 | Filing With Secretary of State Before Transacting Business.
Section 1746.05 | Contents of Trust Agreement Forming Establishing Business Trust.
Section 1746.07 | Amendment of Trust.
Section 1746.08 | Trustees' Qualifications and Liabilities.
Section 1746.09 | General Powers of Business Trust.
Section 1746.10 | Interests in Property.
Section 1746.11 | Service of Process.
Section 1746.12 | Shares of Beneficial Interest.
Section 1746.13 | Liability to Third Persons - Insurance.
Section 1746.14 | Perpetual Period of Existence.
Section 1746.15 | Withdrawal From State.
Section 1746.16 | Forfeiture for Violation of Chapter.
Section 1746.17 | Validity of Contracts or Titles Not Affected by Violation.
Section 1746.18 | Merger, Consolidation, Sale or Other Disposition of Assets.
Section 1746.19 | Foreign Business Trusts.