# Ohio Rev. Code § 1319.08: Use of postclosing solvency covenant

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.08

## Section

- **Citation:** Ohio Rev. Code § 1319.08
- **Heading:** Use of postclosing solvency covenant
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 13 / Chapter 1319 / § 1319.08

## Text

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.

## Nearby sections

- [Ohio Rev. Code § 1319.01 § 1319.01. Liability for unauthorized use of credit card](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.01.md)
- [Ohio Rev. Code § 1319.02 § 1319.02. Enforcing commitment to pay attorneys' fees in commercial contract of indebtedness](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.02.md)
- [Ohio Rev. Code § 1319.06 § 1319.06. Husband and wife must join in chattel mortgage on household property](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.06.md)
- [Ohio Rev. Code § 1319.07 § 1319.07. Definitions for RC sections 1319.07 to 1319.09](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.07.md)
- [Ohio Rev. Code § 1319.08 § 1319.08. Use of postclosing solvency covenant](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.08.md)
- [Ohio Rev. Code § 1319.09 § 1319.09. Loans without nonrecourse loan provisions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.09.md)
- [Ohio Rev. Code § 1319.11 § 1319.11. Joining or separating claims of creditors](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.11.md)
- [Ohio Rev. Code § 1319.12 § 1319.12. Taking assignment of debts](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.12.md)
- [Ohio Rev. Code § 1319.16 § 1319.16. Check collection charges](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.16.md)
- [Ohio Rev. Code § 1319.17 § 1319.17. Commercial credit reports](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.17.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1319_S1319.08. Check the current official text before relying on it. Not legal advice.