Effective: March 18, 1983
Latest Legislation: Senate Bill 435 - 114th General Assembly
(A) The transaction of business in this state by a business trust in violation of this chapter does not affect the validity of any contract with such trust, or the validity of the title to any estate or interest in real or personal property taken, held, or disposed of by such trust. No business trust that has transacted business in violation of this chapter, nor any persons acting on its behalf, shall maintain any action in any court of this state until it has fully complied with this chapter and further paid to the secretary of state a forfeiture of one thousand dollars.
(B) Full compliance with this section prior to the bringing of an action to recover a forfeiture under section 1746.16 of the Revised Code constitutes a bar to such action.
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.