Effective: July 6, 2016
Latest Legislation: Senate Bill 181 - 131st General Assembly
(A) Upon a member's withdrawal from a limited liability company, the member's right to participate in the management and conduct of the limited liability company's business terminates.
(B) Upon a member's withdrawal, a member's duty of loyalty under division (B) of section 1705.281 of the Revised Code and duty of care under division (C) of section 1705.281 of the Revised Code continue only with regard to matters arising and events occurring before the member's withdrawal.
Last updated April 22, 2021 at 5:43 PM