Ohio Revised Code Search

...k. (2) A person, whether operating for profit or not, may use the words "bank," "banker," "banking," "savings association," "savings and loan," "building and loan," or "savings bank," or a word or combination of words of similar meaning in any other language, in or as part of a designation or name under which business is or may be conducted if the superintendent determines the name, on its face, is not likely to mis...

...tions or corporations organized not for profit that admit to membership only employees of a person, firm, or corporation or employees of a group of employers engaged in the same or similar lines of business, who seek to provide indemnity among their members for loss from, or to provide a benefit in the event of, accident, sickness, or death of any of their number, whether by means of the exchange of private contracts...

...for profit or nonprofit, a corporation, association, partnership, limited liability company, sole proprietorship, or other business entity. "Entity" does not include an individual who receives state assistance that is not related to the individual's business. (2) "State award for economic development" means state financial assistance and expenditure in any of the following forms: grants, subgrants, loans, awards, c...

...for profit or nonprofit, a corporation, association, partnership, limited liability company, sole proprietorship, or other business entity. "Entity" does not include an individual who receives state assistance that is not related to the individual's business. (3)(a) "State award" means a contract awarded by the state costing over twenty-five thousand dollars. (b) "State award" does not include compensation receiv...

...ship, association, or a corporation for profit. The planning commission may accept, receive, and expend funds, grants, and services from the federal government or its agencies, from departments, agencies, and instrumentalities of this state or any adjoining state or from one or more counties of this state or any adjoining state or from any municipal corporation or political subdivision of this or any adjoining state...

... association tour or a wholly owned for-profit subsidiary of the owner, if the owner is a nonprofit corporation or organization; (3) A promoter of a national association for stock car auto racing national touring race conducted in this state. (L) "Promotional gaming credit" means a credit, discount, or other similar item issued to a patron to enable the placement of, or increase in, a wager on a sporting event....

...incorporated or unincorporated, not for profit, of not less than one thousand citizens of any county, one of the purposes of which is the improvement, maintenance, and repair of the public highways of such county, the commission, as provided for in section 5545.01 of the Revised Code, having the right to expend money in grading, draining, curbing, and improving county roads and state highways by the use of gravel, ma...

...ver organized and whether operating for profit or not for profit, including a financial institution organized, chartered, or holding a license authorizing operation under the laws of this state, any other state, the United States, or any other country, or the parent or subsidiary of a financial institution. (3) "Consumer reporting agency that compiles and maintains files on consumers on a nationwide basis" means a c...

...y company, an unincorporated society or association, and two or more persons having a joint or common interest. (H) The location of the "principal office" of a corporation is the place named as the principal office in its articles. (I) The "express terms" of shares of a class are the statements expressed in the articles with respect to such shares. (J) Shares of a class are "junior" to shares of another class w...

...ssociation that operates a cemetery for profit. The division shall advance grants from the cemetery registration fund in accordance with rules adopted by the Ohio cemetery dispute resolution commission under Chapter 119. of the Revised Code. (B) The director of commerce may increase, by rule adopted under Chapter 119. of the Revised Code, the amount of total grants the division may advance in a fiscal year if the ...

...on-related purpose; (b) Any charitable association, group, institution, or society that is not organized and not operated for profit, including, but not limited to, any such association, group, institution, or society that is organized and operated for any education-related purpose. (2) "Compensation" does not include actual and necessary expenses that are incurred by a volunteer in connection with the services th...

...joint venture, unincorporated nonprofit association, estate, trust, or other commercial or legal entity. "Organization" does not include an entity organized as or by a governmental agency for the execution of a governmental program.

...ship, company, corporation, joint stock association, joint venture, or voluntary association, wherever organized or incorporated, except for a private septic system in a single- or multi-family dwelling utilized only for that dwelling and not connected to any other system. (4) "Protection service" means a notification center not an owner of an underground utility facility that complies with the following: (a) It ...

...morial, a corporation organized not for profit under the laws of this state, has done and is doing to collect, promote, publicize, and make available to the public the cultural, literary, scientific, social, and economic achievements of Ohioans, the state may grant financial aid to that corporation in order that the purposes for which it was instituted may be fostered and its services to the public improved and expa...

... are determined to be not organized for profit under subsection 501 and that are described in subsection 501(c)(3), 501(c)(4), or 501(c)(6) of the Internal Revenue Code. (5) "Contribution" means a loan, gift, deposit, forgiveness of indebtedness, donation, advance, payment, or transfer of funds or anything of value, including a transfer of funds from an inter vivos or testamentary trust or decedent's estate, and th...

...rated by a public hospital agency or nonprofit hospital agency; (b) Be a for-profit hospital that, before converting to for-profit status, was operated by a nonprofit hospital agency employing police officers appointed under this division. (2) No person who is appointed as a police officer under division (D)(1) of this section shall engage in any duties or activities as a police officer for the hospital or any af...

...ates or of this state is exempt if at a profit to that seller of not more than two per cent of the total sale price of the securities. (K)(1) The distribution by a corporation of its securities to its security holders as a share dividend or other distribution out of earnings or surplus is exempt. (2) The exchange or distribution by the issuer of any of its securities or of the securities of any of the issuer's wh...

...ting to preferred stock; (c) Undivided profits; and (d) To the extent permitted by the superintendent the proceeds of the sale of debt securities and other assets and reserves. (2) With respect to a mutual state bank, "capital" means either of the following: (a) Retained earnings; (b) At the discretion of the superintendent, any other form of capital, subject to any applicable federal and state laws. (G) "Code ...

..., or may be a domestic corporation for profit or a foreign corporation for profit holding a license as such under the laws of this state, provided that the domestic or foreign corporation has a business address in this state and is authorized by its articles of incorporation to act as such agent; (4) The irrevocable consent of the corporation to service of process on such agent so long as the authority of the ...

...rship, limited partnership, partnership association, syndicate, joint-stock company, unincorporated association, trust or trustee except where the trust was created or the trustee designated by law or judicial authority or by a will, and a corporation or limited liability company organized under the laws of any state, any foreign government, or any political subdivision of a state or foreign government. (E)(1) "Dea...

... one individual, or in the case of a nonprofit organization, subsequent to December 31, 1973, had not less than four individuals in employment for some portion of a day in each of twenty different calendar weeks, in either the current or the preceding calendar year whether or not the same individual was in employment in each such day; or (b) Except for a nonprofit organization, had paid for service in employment w...

...nization or for providing, on a not-for-profit basis, programs and supportive services to past or present members of the armed forces of the United States and their families, except real estate held by such an organization for the production of rental income in excess of thirty-six thousand dollars in a tax year, before accounting for any cost or expense incurred in the production of such income. For the purposes of ...

..., joint ventures, clubs, societies, for-profit corporations, S corporations, qualified subchapter S subsidiaries, qualified subchapter S trusts, trusts, entities that are disregarded for federal income tax purposes, and any other entities. (B) "Consolidated elected taxpayer" means a group of two or more persons treated as a single taxpayer for purposes of this chapter as the result of an election made under sectio...

...tnerships, limited liability companies, associations, C corporations, S corporations, governmental entities, and any other entity. (N) "Pass-through entity" means a partnership not treated as an association taxable as a C corporation for federal income tax purposes, a limited liability company not treated as an association taxable as a C corporation for federal income tax purposes, an S corporation, or any other c...

...f the corporation for pecuniary gain or profit and distribution of net earnings. (b) No particular purpose of a corporation has priority over any other purpose of the corporation. (3) A corporation that does not have a beneficial purpose is not required to operate exclusively for profit or distribution of net earnings of the corporation in all instances. (4) To be effective, a beneficial purpose shall be exp...