On December 20, 2012, Governor Kasich signed into law Am. Sub. H.B. 479 (Act), which becomes effective on March 27, 2013. The Act, among other things, makes certain changes to Ohio’s exempt property statute, modifies the Ohio Uniform Fraudulent Transfers Act, clarifies the secured transactions recording law, and prohibits a post-closing solvency covenant from being used as a nonrecourse carveout in nonrecourse loans.
Business Restructuring and Bankruptcy Alert: Recent legislative amendments impact Ohio’s property exemption statute, Fraudulent Transfers…
By McDonald Hopkins News on February 21st, 2013