United States · Ohio

Directors' resolutions requirements in Ohio (OGCL)

What a Ohio corporation must know about directors' resolutions requirements under Ohio General Corporation Law, O.R.C. § 1701.01 et seq.: statute citations, mechanics, and inspection rights.

Governing statute
Ohio General Corporation Law, O.R.C. § 1701.01 et seq.
O.R.C. § 1701.54Action without meeting
O.R.C. § 1701.53Meetings
O.R.C. § 1701.60Conflict-of-interest
OGCL practiceDistinctive pre-MBCA framework
At a glance
  • Action by unanimous written consent in lieu of a meeting is permitted under all 50 states' MBCA-framework statutes
  • Effective on the date of the last signature, unless otherwise specified
  • Conflict-of-interest rules require disclosure plus safe-harbor approval (disinterested directors or shareholders)
  • Resolutions filed in the corporate records; available for shareholder inspection under state rules
  • Electronic signatures permitted under each state's UETA-equivalent legislation

What the OGCL requires

O.R.C. § 1701.54 permits Ohio corporations to act by unanimous written consent of directors. The OGCL's pre-MBCA framework uses some distinctive terminology but the substantive requirements are similar.

Ohio-specific considerations

Ohio's OGCL has pre-MBCA heritage, with distinctive procedural language and some structural choices that differ from the Model Business Corporation Act framework. Ohio counsel should review specific resolution drafts, certificate forms, and inspection demands to ensure compliance with Ohio-specific rules.

Practical implications

For day-to-day corporate records management in Ohio, the practical implications are mostly procedural: the corporation's bylaws and OGCL both apply. The general principles (records must be maintained, shareholders have inspection rights, annual filings are required where applicable) remain similar to other US jurisdictions, but the exact procedural details merit specific Ohio counsel review.

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