Effective: October 25, 1978
Latest Legislation: House Bill 349 - 112th General Assembly
A corporation designated as a home for aged and indigent persons, in addition to other property which it is allowed by law to hold, may take by purchase, gift, or devise, and may hold, use, dispose of, and convey, any property convenient for the use of the corporation or for the investment of its funds. No part of such property or of the income thereof shall be used for any purpose other than providing a suitable asylum, the support and maintenance of such asylum, and the support and maintenance of such aged and indigent persons as are admitted into it under its bylaws.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1743 | Miscellaneous Provisions and Types of Companies
Section 1743.01 | Building Maintenance Corporations.
Section 1743.02 | Common Carrier Companies.
Section 1743.03 | Companies for Protecting and Preserving Dead Bodies.
Section 1743.04 | Corporations Designated as Home for Aged and Indigent Persons.
Section 1743.05 | Corporations Organized for Care of Deaf and Dumb Persons.
Section 1743.06 | Corporations for Preservation of Public Parks and Memorial Sites.
Section 1743.07 | Corporations for Preservation of Historic and Prehistoric Sites or Monuments.
Section 1743.08 | Elevator Companies.
Section 1743.09 | Fishery Companies.