Ohio Code 1706.721 – Conversion approval, amendment, or abandonment
Current as of: 2023 | Check for updates
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(A) A declaration of conversion must be consented to by all the members of a converting limited liability company.
Terms Used In Ohio Code 1706.721
- Converting limited liability company: means a converting entity that is a limited liability company. See Ohio Code 1706.01
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Ohio Code 1706.01
(B) After a conversion is approved, and at any time before the certificate of conversion is delivered to the secretary of state for filing under section 1706.722 of the Revised Code, a converting limited liability company may amend the declaration or abandon the conversion:
(1) As provided in the declaration; or
(2) Except as otherwise prohibited in the declaration, by the same consent as was required to approve the declaration.