Section 1746.06 | Name.
Effective: June 6, 2001 Latest Legislation: House Bill 94 – 124th General Assembly (A) No business trust that has made a filing pursuant to section 1746.04 of the Revised Code may use the words “Incorporated,” “Corporation,” “Inc.,” “Co.,” “Partnership,” “Ltd.,” or derivatives thereof in its name. (B) No business trust formed after the effective date […]
Section 1746.07 | Amendment of Trust.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly A trust instrument may be amended in the manner specified in it or in any manner that is valid under the common or statutory law applicable to the business trust created by the instrument.
Section 1746.08 | Trustees’ Qualifications and Liabilities.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly (A) Any individual or entity may be a trustee of a business trust; any trustee may own shares, including all of the shares, of the business trust. (B) Unless otherwise set forth in the trust instrument, and notwithstanding section 1746.13 of the […]
Section 1746.09 | General Powers of Business Trust.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly (A) Unless otherwise limited by the trust instrument, a business trust that has made the filings described in section 1746.04 of the Revised Code has the following general powers: (1) To make contracts, incur liabilities, lend or borrow money and to receive […]
Section 1746.10 | Interests in Property.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly (A) A business trust may take, hold, and dispose of any estate or interest in real or personal property in its business name, or in the name of one or more of its trustees, or in the name of one or more […]
Section 1746.11 | Service of Process.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly Business trusts transacting business in this state are subject to all applicable provisions of law, rules of procedure, and rules of court relating to domestic or foreign corporations, with regard to service of process.
Section 1746.12 | Shares of Beneficial Interest.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly (A) Unless otherwise provided in the trust instrument, shares of beneficial interest need not be evidenced by certificates. (B) For purposes of Title XIII of the Revised Code, shares of beneficial interest, however designated, in a business trust shall be treated as […]
Section 1746.13 | Liability to Third Persons – Insurance.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly (A) Liability to third persons for any act, omission, or obligation of a business trust that has made the filings described in section 1746.04 of the Revised Code or a trustee or trustees of a business trust when acting in such capacity, […]
Section 1746.02 | Status of Business Trusts.
Effective: March 18, 1983 Latest Legislation: Senate Bill 435 – 114th General Assembly A business trust is hereby declared to be a permitted form of association for the conduct of business in this state. A business trust is a separate unincorporated legal entity, not a partnership, joint venture, joint-stock association, agency, or any other form […]
Section 1746.03 | Compliance With Chapter.
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 […]