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Kasich Signs Two Bills

COLUMBUS – Today Governor John R. Kasich signed the following bills into law:

  • Am. S.B. 124 (Thomas) designates May as "Asthma Awareness Month" and designates May 5 as "Childhood Asthma Awareness Day."
  • S.B. 181 (Obhof, Schiavoni) prescribes the fiduciary duties of corporate and limited liability company officers, specifies that officers are not required for limited liability companies, permits a written waiver or elimination of the fiduciary duties of limited liability company members, managers, or officers, clarifies when a limited liability company manager's or officer's duties can be the same as a member's duties, declares the policy of the Limited Liability Company Law generally to give maximum effect to freedom of contract, and makes other changes regarding corporations and limited liability companies.