Effective: October 30, 1965 Latest Legislation: House Bill 940 – 106th General Assembly As used in section 1726.01 to 1726.13, inclusive, of the Revised Code, unless the context otherwise requires: (A) “Financial institutions” means any banking corporation, trust company, building and loan association, savings and loan association, or corporation, partnership, foundation, or other institution engaged […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly Ten or more natural persons, a majority of whom are citizens of this state, may form a development corporation under the provisions of Chapter 1726. of the Revised Code by subscribing and thereafter filing in the office of the secretary of state […]
Effective: October 1, 1959 Latest Legislation: House Bill 509 – 103rd General Assembly When the articles of incorporation or any amendment or amendments thereof, are filed in the office of the secretary of state under section 1726.02 of the Revised Code, the secretary of state shall submit them to the attorney general for examination. If […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly In furtherance of its purposes, and in addition to the powers conferred by Chapter 1701. of the Revised Code, a corporation incorporated under Chapter 1726. of the Revised Code shall, subject to the restrictions contained in this chapter, have the following powers: […]
Effective: October 1, 1959 Latest Legislation: House Bill 509 – 103rd General Assembly (A) All persons, firms, partnerships, joint stock companies, association, or trust, and domestic corporations organized for the purpose of carrying on business within this state, including without limitation, any public utility companies, banking companies, trust companies, and foreign corporations licensed to do […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly Any financial institution may request membership in a corporation incorporated under Chapter 1726. of the Revised Code by making application to the board of directors of the corporation on a form and in such manner as said board of directors may require, […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly Each shareholder shall have one vote, in person or by proxy, for each share of capital stock held by him, and each member shall have one vote, in person or by proxy, except that any member having a loan limit of more […]
Effective: March 22, 1973 Latest Legislation: House Bill 1 – 110th General Assembly The board of directors of a corporation incorporated under Chapter 1726. of the Revised Code shall be of such number in multiples of three as shall be determined in the first instance by the incorporators and thereafter by the shareholders and shall […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly Each year a corporation incorporated under Chapter 1726. of the Revised Code shall set apart as earned surplus not less than ten per cent of its net earnings for the preceding fiscal year until such surplus is equal in value to one-half […]
Effective: January 9, 1961 Latest Legislation: House Bill 1 – 104th General Assembly A corporation incorporated under Chapter 1726. of the Revised Code shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly Each development corporation incorporated under this chapter shall prepare an annual financial report that conforms to rules prescribed by the auditor of state pursuant to section 117.20 of the Revised Code, that is prepared according to generally accepted accounting principles, and that […]
Effective: March 12, 2001 Latest Legislation: Senate Bill 265 – 123rd General Assembly If any development corporation fails to prepare an annual financial report as required by section 1726.11 of the Revised Code and to file that report with the auditor of state within ninety days of the time prescribed for that filing by that […]
Effective: October 1, 1959 Latest Legislation: House Bill 509 – 103rd General Assembly The provisions of Chapter 1701. of the Revised Code shall be applicable to corporations organized under this Chapter 1726. of the Revised Code to the extent they are not inconsistent herewith.
Effective: July 10, 1972 Latest Legislation: Senate Bill 442 – 109th General Assembly Any financial institution, as defined in division (A) of section 1726.01 of the Revised Code, except a building and loan association, may purchase for its own account, hold, or dispose of shares of stock issued by a corporation created under the “Housing […]
