The superintendent of insurance may file a motion for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time he files a complaint for a liquidation order. The court shall order dissolution of the corporation upon motion by the superintendent upon or after the granting of a liquidation order. If the dissolution has not previously been ordered, it shall be effected by operation of law upon the discharge of the liquidator if the insurer is insolvent but may be ordered by the court upon the discharge of the liquidator if the insurer is under a liquidation order for some other reason.
Ohio Rev. Code Ann. § 3903.20
Dissolution of corporate existence
Applied in 1 court decision — leading case 140 Ohio App. 3d 11 - Boedeker v. Rogers (2000)
Most recently applied in 140 Ohio App. 3d 11 - Boedeker v. Rogers (May 2000)
Effective: March 7, 1983; Latest Legislation: House Bill 830 - 114th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.