Notice to Creditors of a Corporation's Dissolution

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The Ohio State Legislature recently updated the laws pertaining to corporations. A corporation that is dissolving may now give its creditors notice that if a claim is not asseerted within a certain amount of time then the claim will be forever barred. If you or your company receives such a notice please promptly review the same with your legal counsel.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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