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Ohio Revised Code

Ohio Rev. Code § 1707.40 (2026)

Civil liabilities

✓ current as of May 2026

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Effective:

March 31, 2021

Latest Legislation:

House Bill 312 - 133rd General Assembly

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Except as provided in section 1707.261 of the Revised Code, sections 1707.01 to 1707.50 of the Revised Code create no new civil liabilities, and do not limit or restrict common law liabilities for deception or fraud other than as specified in sections 1707.042, 1707.043, 1707.41, 1707.42, and 1707.43 of the Revised Code, and there is no civil liability for noncompliance with orders, requirements, rules, or regulations made by the division of securities under sections 1707.19, 1707.20, 1707.201, and 1707.23 of the Revised Code.

Notes of Decisions

Cited in 6 cases, 1971–2014 · leading case: Helman v. Epl Prolong, Inc., 743 N.E.2d 484 (Ohio Ct. App. 2000).

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Helman v. Epl Prolong, Inc., 743 N.E.2d 484 (Ohio Ct. App. 2000). · cites it 2× “45, inclusive of the Revised Code create no new civil liabilities, and do not limit or restrict common law liabilities for deception or fraud other than as specified in sections 1707.”

Ohio Bureau of Workers' Comp. v. MDL Active Duration Fund, Ltd., 476 F. Supp. 2d 809 (S.D. Ohio 2007). · cites it 2× “Ohio Rev.Code § 1707.40. Defendants argue that the complaint fails to comply with the requirements of Rule 9(b) that the fraud which is the underlying basis for the above statutory violations be pleaded with particularity.”

Kondrat v. Morris, 692 N.E.2d 246 (Ohio Ct. App. 1997). “43 states in part as follows: “No action for the recovery of the purchase price as provided for in this section, and no other action for any recovery based upon or arising out of a sale or contract for sale made in violation of Chapter 1707 of the Revised Code, shall be brought…”

Ryan v. Ambrosio, 91036 (12-18-2008), 2008 Ohio 6646 (Ohio Ct. App. 2008). “{ 5} The Ryan plaintiffs set forth the following causes of action: (1) strict liability under Ohio's "Blue Sky" securities law R.C.1707.40 et seq.; (2) common law fraud; (3) negligent misrepresentation; (4) breach of fiduciary duty; (5)breach of contract; (6) respondeat…”

Allied Steel & Tractor Prods., Inc. v. First Nat'l City Bank, 54 F.R.D. 256 (N.D. Ohio 1971). · cites it 2× “R.C. §§ 1707.40, 1707.41. For the foregoing reasons, defendant’s motion to strike shall be denied.”

Adlaka v. New York Life Ins. & Annuity Corp., 2014 Ohio 5404 (Ohio Ct. App. 2014). · cites it 3× “45 of the Revised Code create no new civil liabilities, and do not limit or restrict common law liabilities for deception or fraud other than as specified in * * * 1707.”

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