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§ 1319.08. Use of postclosing solvency covenant

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Ohio Revised Code › Title 13 › Chapter 1319 › § 1319.08

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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March 27, 2013 House Bill 479 - 129th General Assembly (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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