Cuyahoga Cty. Case Mgt. v. Clark Indus. Insulation Co.

Citations

• 172 N.E.3d 448
• 2021 Ohio 1405

Syllabus

Asbestos voluntarily dissolved corporation wind-up extend statutory time R.C. 1701.88 R.C. 1701.89 jurisdiction receiver. - The specialized asbestos trial court lacked authority to extend the statutory time to wind-up the affairs of a voluntarily dissolved corporation because the court was not located in the county where the dissolved corporation's principal office is located, and the court's jurisdiction was not invoked upon a complaint as required by R.C. 1701.89. Even if the jurisdictional requirements were satisfied, the trial court misapplied R.C. 1701.88 because the extension of the five-year period only applies to winding-up of corporate affairs, not extending the time to bring actions against the dissolved corporation. The trial court erred in appointing a receiver for the dissolved corporation because the movants failed to establish that the appointment was necessary.