| Exercising Powers After Articles of Incorporation or Certificate of Authority Canceled; Penalty.

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Effective: September 29, 2013

Latest Legislation: House Bill 59 - 130th General Assembly

No person shall exercise or attempt to exercise any powers, privileges, or franchises under the articles of incorporation or certificate of authority of a corporation after the articles or certificate has been canceled as provided in section 5703.91 of the Revised Code. A penalty of one hundred dollars shall be imposed for each day a violation of this section occurs, up to a maximum of five thousand dollars.


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