Ohio Rev. Code § 1705.29

Current with legislation from 2024 received as of August 15, 2024.

Section 1705.29 - [Repealed]

R.C. § 1705.29

Amended by 134th General Assembly, HB 110,§610.1165, eff. 9/30/2021.

Repealed by 133rd General Assembly, SB 276,§3, eff. 1/1/2022.

Amended by 129th General Assembly, 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