Ohio § 1706.76 Separate asset series-designation by operating agreement

Ohio Statutes

§ 1706.76 — Separate asset series-designation by operating agreement

Ohio § 1706.76

Title 17Corporations-Partnerships

Ch. 1706Ohio Revised Limited Liability Company Act

This text of Ohio § 1706.76 (Separate asset series-designation by operating agreement) 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. § 1706.76 (2026).

Text

(A)An operating agreement may establish or provide for the establishment of one or more designated series of assets that has both of the following:

(1)Either or both of the following:

(a)Separate rights, powers, or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations;

(b)A separate purpose or investment objective.

(2)At least one member associated with each series.

(B)A series established in accordance with division (A) of this section may carry on any activity, whether or not for profit.

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(A) An operating agreement may establish or provide for the establishment of one or more designated series of assets that has both of the following:

(1) Either or both of the following:

(a) Separate rights, powers, or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations;

(b) A separate purpose or investment objective.

(2) At least one member associated with each series.

(B) A series established in accordance with division (A) of this section may carry on any activity, whether or not for profit.