Does Ohio Court Have Jurisdiction to Appoint Receiver For Previously Dissolved Foreign Corporation?
Allowing New Tort Claims Against Company's Insurance by Ohio Plaintiffs
In re: All Cases Against Sager Corporation Sager Corporation, Appellant, Case no. 2010-1705
8th District Court of Appeals (Cuyahoga County)
ISSUE: When a company that was incorporated under the laws of another state has been dissolved under those laws, and the foreign state's "corporate survival" period for asserting claims against a dissolved corporation has expired, does an Ohio court have jurisdiction to appoint a receiver to "wind up" the company's affairs in Ohio, thereby enabling new lawsuits to be filed by Ohio plaintiffs seeking recovery for alleged tort damages under the former corporation's insurance policies?