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 authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1726 | Development Corporations
Section 1726.01 | Development Corporation Definitions.
Section 1726.02 | Formation of Corporation - Contents of Articles of Incorporation.
Section 1726.04 | Powers of Corporation.
Section 1726.05 | Acquiring Shares.
Section 1726.06 | Requesting Membership.
Section 1726.07 | Number of Votes.
Section 1726.08 | Board of Directors.
Section 1726.09 | Net Earnings, Surplus.
Section 1726.10 | Designation of Depository.
Section 1726.11 | Annual Financial Reports - Audits.
Section 1726.12 | Cancellation of Articles of Incorporation.
Section 1726.13 | Applicability of General Corporation Laws.