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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1701.36 | Shares deemed retired.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1701 General Corporation Law
 
Effective:
October 11, 1955
Latest Legislation:
House Bill 70 - 101st General Assembly
PDF:
Download Authenticated PDF
 

(A) Whenever convertible shares are converted into shares of another class, the shares surrendered upon such conversion shall be deemed retired and shall not be reissued as convertible shares.

(B) Whenever redeemable shares are redeemed, purchased, or otherwise acquired by the corporation, such shares shall be deemed retired.

(C) Shares released from subscription shall be deemed retired.

(D) Unless otherwise provided in the articles, the directors may retire treasury shares.

Available Versions of this Section