1702.56 Repealed, This section was about the preparation of false reports.

1702.57 Exercise of expired powers.

1702.58 Applicability of chapter.

(A) Except as provided in sections 1702.01 to 1702.58, inclusive, of the Revised Code, the provisions of said sections shall apply only to domestic corporations, and except as otherwise provided in this section, the provisions of said sections shall apply to all domestic corporations, whether formed under said sections or under previous laws of this state.

(B) Special provisions in the Revised Code for the organization, conduct, or government of designated classes of corporations shall govern to the exclusion of the provisions of sections 1702.01 to 1702.58, inclusive, of the Revised Code, on the same subject, except where it clearly appears that a special provision is cumulative, in which case it and the provisions of said sections on the same subject shall apply.

(C) A corporation incorporated prior to June 9, 1927, with authority to issue shares may continue to issue and re-issue shares in accordance with its articles, but shall be without authority to amend its articles in order to increase the authorized numbers of shares.

(D) A corporation created before September 1, 1851, which (1) has expressly elected to be governed by the laws passed since that date, (2) subsequent to that date has taken such action under laws then in affect as to make it subject, as a matter of law, to the constitution of 1851 and laws passed thereunder, or (3) subsequent to October 1, 1955, takes an action under sections 1702.01 to 1702.58, inclusive, of the Revised Code, or any of them which but for said sections it would not be authorized to take, shall be deemed to be a coproration exercising its corporate privileges under the Constitution of this state and the laws passed in pursuance thereof, and not otherwise.

(E) A corporation created before September 1, 1851, and actually carrying on its activities in this state, and which prior to October 11, 1955, has not taken action described in division (D) of this section, may accept the provisions of sections 1702.01 to 1702.58, inclusive, of the Revised Code, at a meeting of voting members held for such purpose, by a resolution to that effect adopted by the affirmative vote of majority of the voting members present if a quorum is present, and by filing in the office of the secretary of state a copy of said resolution certified by the president or a vice-president and the secretary or an assistant secretary of the corporation for which the secretary of state shall charge and collect a fee of five dollars. Thereafter said corporation shall be deemed to exercise its corporate privileges under the Constitution of this state and the laws passed in pursuance thereof and not otherwise.

(F) Except as provided in divisions (D) and (E) of this section, a corporation created before September 1, 1851, shall be governed by the laws in force on that date as modified since that date.

(G) A domestic corporation for profit, upon compliance with the provision of the Revised Code as in effect from time to time relating to such corporation's becoming a nonprofit corporation upon amendment to its articles or upon adoption of amended articles, as provided by law, shall, upon filing the prescribed certificate in the office of the secretary of state, become a corporation subject to the provisions of, and entitled to all the rights, privileges, immunities, powers, franchises, and authority granted by, sections 1702.01 to 1702.58, inclusive, of the Revised Code.