Effective: August 5, 1998
Latest Legislation: House Bill 600 - 122nd General Assembly
(A) An association shall keep correct and complete books and records of account, and shall also keep minutes of the proceedings of meetings of its members, board, and delegates. The association shall keep at its principal office records of the names and addresses of all members and stockholders with the amount of ownership interests and stock held by each.
(B) At any reasonable time, any member, upon written notice that states a proper purpose for an examination of books and records and that is delivered or sent to the association at least one week in advance, may examine those books and records pertinent to the purpose in the notice. The board may deny a request of a member to examine the books and records if the purpose is not proper because the purpose is not directly related to the person's interest as a member and is contrary to the best interests of the association.
(C) At any reasonable time, a stockholder who is not a member, upon written notice that states a proper purpose for an examination of books and records and that is delivered or sent to the association at least one week in advance, may examine those books and records that are pertinent to the purpose in the notice. The board may deny a request of a stockholder to examine the books and records if the purpose is not proper because the purpose is not directly related to the person's interest as a stockholder and is contrary to the best interest of the association.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1729 | Ohio Cooperative Law
Section 1729.01 | Ohio Cooperative Law Definitions.
Section 1729.02 | Purposes - Associations Deemed Nonprofit - Chapter Title.
Section 1729.03 | Powers of Association.
Section 1729.031 | Indemnification.
Section 1729.04 | Use of Words in Name - Prohibition.
Section 1729.06 | Number of Incorporators - Statutory Agent.
Section 1729.07 | Articles of Incorporation.
Section 1729.08 | Amendment or Restatement of Articles.
Section 1729.09 | Voting on Amendment.
Section 1729.10 | Evidence of Incorporation.
Section 1729.11 | Reinstatement of Association.
Section 1729.12 | Filing Articles and Certificates of Amendment.
Section 1729.13 | Dividends - Stock - Security Interest.
Section 1729.16 | Adoption, Amendment, or Repeal of Bylaws.
Section 1729.17 | Members or Delegates Entitled to Vote.
Section 1729.18 | Association Members - Meetings.
Section 1729.19 | Action Authorized or Taken Without Meeting.
Section 1729.20 | Methods of Giving Notice - Signed Waiver.
Section 1729.22 | Board of Directors.
Section 1729.23 | Standard of Care for Directors.
Section 1729.24 | Effect of Self-Dealing.
Section 1729.25 | Liability of Members, Directors, Officers.
Section 1729.27 | Surety Bonds.
Section 1729.28 | Removal of Officers or Directors - Procedure.
Section 1729.29 | Books and Records - Examination by Member or Stockholder.
Section 1729.35 | Association May Merge or Consolidate With One or More Associations.
Section 1729.36 | Association May Merge or Consolidate With One or More Entities.
Section 1729.37 | Effective Date of Merger or Consolidation.
Section 1729.38 | Certificate of Merger or Consolidation Filing and Recording.
Section 1729.40 | Plan of Division.
Section 1729.42 | Conversions.
Section 1729.44 | Setting Aside Reorganizations.
Section 1729.46 | Written Demand for Payment of Fair Cash Value of Stock.
Section 1729.47 | Complaint for Fair Cash Value of Stock.
Section 1729.49 | Disposing of Assets of Association.
Section 1729.55 | Voluntary Dissolution.
Section 1729.56 | Public Notice of Voluntary Dissolution.
Section 1729.58 | Association May Act to Wind Up Affairs or Obtain Reinstatement of Articles.
Section 1729.59 | Judicial Liquidations.
Section 1729.60 | Receiver Appointed to Wind Up Affairs of Association.
Section 1729.61 | Complaint for Judicial Dissolution.
Section 1729.67 | Marketing Agreements.
Section 1729.68 | Prohibited Acts - Injunctive Relief.
Section 1729.69 | Unfair Marketing Practices.
Section 1729.70 | Agricultural Cooperative Not Illegal.
Section 1729.76 | Foreign Association.
Section 1729.80 | Membership in Other Organizations.
Section 1729.84 | Exemptions for Agricultural Products.
Section 1729.85 | Stock Not Considered Securities.