Ohio Statutes
§ 1319.08 — Use of postclosing solvency covenant
Ohio § 1319.08
This text of Ohio § 1319.08 (Use of postclosing solvency covenant) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ohio Rev. Code Ann. § 1319.08 (2026).
Text
(A)A postclosing solvency covenant shall not be used, directly or indirectly, as a nonrecourse carveout or as the basis for any claim or action against a borrower or any guarantor or other surety on a nonrecourse loan.
(B)A provision in the documents for a nonrecourse loan that does not comply with division (A) of this section is invalid and unenforceable.
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Legislative History
Effective: March 27, 2013 | Latest Legislation: House Bill 479 - 129th General Assembly
Nearby Sections
10
§ 1319.08
Use of postclosing solvency covenant§ 1319.12
Taking assignment of debts§ 1319.16
Check collection charges§ 1319.17
Commercial credit reportsCite This Page — Counsel Stack
Bluebook (online)
Ohio § 1319.08, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/1319.08.