Ohio Rev. Code § 1705.29

Current with legislation from 2024 received as of May 9, 2024.

Section 1705.29 - [Repealed]

R.C. § 1705.29

Amended by 134th General Assembly File No. TBD, HB 110,§610.1165, eff. 9/30/2021.

Repealed by 133rd General Assembly File No. TBD, SB 276,§3, eff. 1/1/2022.

Amended by 129th General AssemblyFile No.72,HB 48, §1, eff. 5/4/2012.

Effective Date: 07-01-1994 .

Committee Comment (2012)*

The modifications to Division (B) clarify that the only fiduciary duties of a manager who is not subject to §1705.282(B) are the duties set forth in Division (B) of this section. The other modification is to be clear that the standard of § 1705.29(B) only applies when the manager is not subject to the standard of §1705.282(B). This change makes this section part of a set of provisions that define, by statute, all the fiduciary duties owed by members and managers. See§§1705.281, 1705.282 . If done in writing, the duties of this section may be modified within the limits set out in §1705.081(B).

*Comments on 129th General Assembly, HB 48, from the Ohio State Bar Association Corporation Law Committee