Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The trustees appointed as provided in section 2733.21 of the Revised Code are subject to the orders of the court appointing them or of the court to which the quo warranto proceedings are remanded, and are vested with the title to all the property, real and personal, of the corporation from the date of their appointment and qualification, and subject to the orders of the court may settle the affairs of the corporation, collect and pay outstanding debts, and divide among the stockholders the money and other property which remains after the payment of debts and necessary expenses. Said trustees may file in the court of their appointment, or in the court to which such proceedings are remanded, motions, applications for instructions or orders, and other pleadings. In the enforcement of any demands said trustees have all rights which the stockholders or creditors of this corporation might otherwise be entitled, to enforce, in addition to the rights of the corporation itself. The stockholders and creditors of such corporation may not enforce any such rights except upon the refusal of such trustees to do so within a reasonable time upon demand therefor by such stockholders and creditors.
Structure Ohio Revised Code
Title 27 | Courts-General Provisions-Special Remedies
Section 2733.01 | Proceedings Against a Person.
Section 2733.02 | Proceedings Against a Corporation.
Section 2733.03 | Jurisdiction and Venue in Quo Warranto Actions.
Section 2733.04 | Commencing Quo Warranto.
Section 2733.05 | Bringing Action.
Section 2733.06 | Usurpation of Office.
Section 2733.07 | Prosecution in Absence of Prosecuting Attorney.
Section 2733.08 | Petition Against Person for Usurpation of Office.
Section 2733.09 | Leave to File Petition - Notice.
Section 2733.10 | Issue of Summons and Service.
Section 2733.11 | Service by Publication.
Section 2733.12 | Pleadings After Petition.
Section 2733.13 | Court May Extend Time for Pleading.
Section 2733.14 | Judgment When Office, Franchise, or Privilege Is Usurped.
Section 2733.15 | Judgment When Director of a Corporation Is Illegally Elected.
Section 2733.16 | New Election.
Section 2733.17 | Rights of Person Adjudged Entitled to an Office.
Section 2733.18 | Action for Damages.
Section 2733.19 | Enforcement of Judgment.
Section 2733.20 | Judgment When Corporation Has Forfeited Its Rights.
Section 2733.21 | Dissolution of Corporation - Appointment of Trustees by Court.
Section 2733.22 | Remanding to Court of Common Pleas.
Section 2733.23 | Order of Court.
Section 2733.24 | Duties of Trustees as to Notice of Court Order.
Section 2733.25 | Rejected Claims.
Section 2733.26 | Powers of Trustees.
Section 2733.27 | Demands by Trustees.
Section 2733.28 | Report to Court.
Section 2733.29 | Prohibition Against Refusing to Deliver Property of Corporation to Trustees.
Section 2733.31 | Order to Deliver Property Enforced.
Section 2733.32 | Injunction in Certain Cases.
Section 2733.33 | Court May Require Bank Directors to Give Security.
Section 2733.34 | Enjoining Directors From Borrowing or Issuing Money.
Section 2733.35 | Limitations.
Section 2733.36 | Action for Damages Against Officers of Ousted Corporations.
Section 2733.37 | Remedies Cumulative.
Section 2733.38 | Disposition of Fines.