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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Ohio Revised Code Search

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Section 1703.28 | Forfeiture for transacting business without license.

...ry to the credit of the general revenue fund, and if brought by the prosecuting attorney one half of such forfeiture shall on collection be paid to the treasurer of the county in which such action was brought and one half shall be paid into the state treasury to the credit of the general revenue fund. In addition to such forfeiture the court shall require that the corporation pay all amounts it should have paid under...

Section 1707.052 | Offerings-disclosure to purchasers.

...The disclosure document provided to each prospective purchaser through an OhioInvests portal shall contain all of the following: (A) The following information regarding the OhioInvests issuer: (1) The type of entity it is; (2) The address and telephone number of its principal office; (3) Its formation history for the previous five years; (4) The identity of all persons owning more than ten per cent of any c...

Section 1707.057 | Portal operators-record keeping requirements.

...(A) Each portal operator shall maintain and preserve, for a period of at least five years from either the date of the closing or date of the termination of the securities offering, all of the following: (1) The name of each issuer whose securities have been listed on its OhioInvests portal and the full name, residential address, social security number, date of birth, and copy of a state-issued identification of all...

Section 1707.058 | Issuers-disqualification from registration exemption.

...f an issuer that is a pooled investment fund; (7) Any general partner or managing member of any investment manager participating in the offering; (8) Any director, executive officer, or other officer participating in the offering of any investment manager or general partner or managing member of the investment manager participating in the offering. (B) The exemption from registration provided under section 1707...

Section 1707.091 | Registration by coordination.

...ch the securities are to be sold to the public in this state, which fee, however, shall in no case be less than one hundred or more than one thousand dollars. (D) The issuer shall promptly notify the division by telephone of the date and time when the federal registration statement became effective, or when the offering may otherwise be commenced in accordance with the rules, regulations, or orders of the securiti...

Section 1707.092 | Notice filings.

...ch the securities are to be sold to the public in this state, which calculated fee, however, shall in no case be less than one hundred or more than one thousand dollars. (B)(1) Upon payment of the maximum filing fees as provided in division (A)(2) of this section, an investment company may sell an indefinite amount of securities in this state. (2) An investment company making a notice filing as provided in this ...

Section 1707.39 | Qualification of securities sold without compliance.

...ire the applicant to advance sufficient funds to pay the actual expenses of an examination or investigation by the division, whether to be conducted in this state or outside this state. An itemized statement of such expenses shall be furnished to the applicant. Such qualification shall estop the division from proceeding under division (D) of section 1707.23 of the Revised Code against anyone who has violated divisi...

Section 1707.471 | Restitution assistance awards from Ohio investor recovery fund.

...m award from the Ohio investor recovery fund created in section 1707.47 of the Revised Code for each claimant shall be the lesser of twenty-five thousand dollars or twenty-five per cent of the amount of monetary injury suffered by the victim as specified in the final order. (D) The state is subrogated to the rights of the person awarded restitution assistance under section 1707.47 of the Revised Code to the extent ...

Section 1711.13 | Nature and powers of county society.

...County agricultural societies are hereby declared bodies corporate and politic, and as such they are capable of suing and being sued and of holding in fee simple any real estate purchased by them as sites for their fairs. In addition, they may do either or both of the following: (A) Mortgage their grounds for the purpose of renewing or extending pre-existing debts, and for the purpose of furnishing money to purchas...

Section 1711.28 | Payment for new site with county funds or bonds.

...y commissioners from any unappropriated funds in the county treasury at the time such payment is to be made. If no such funds are then in such treasury, the board may issue the bonds of the county for such amounts as are necessary for such payment; but if the old site is sold or leased before the new site is purchased or leased, such society, before such bonds are issued, shall apply the moneys realized from the sale...

Section 1711.33 | Encumbering of fairgrounds partly owned by county.

...(A) When a board of county commissioners pays or has paid money out of the county treasury for the purchase of real estate as a site for the holding of fairs by a county agricultural society, the society shall not incur any debt, by mortgage or otherwise, without the consent of the board, entered upon its journal. (B) With respect to real estate debt for which consent is obtained under division (A) of this section,...

Section 1715.04 | Conveyance of burying ground to township.

...When a public burying ground is located on or near a township line and is used by the people of two or more townships for burial purposes, and the title thereto is vested in a religious or benevolent society, such society or the trustees thereof, may convey such burying ground to the boards of township trustees of such townships and their successors in office, jointly; and such boards shall accept it, jointly take po...

Section 1715.42 | Secret benevolent societies.

...or society holds reserve or accumulated funds for the endowment of the widows, orphans, families, blood relatives, or heirs of its members, or for purely charitable purposes, it may invest such funds upon interest, but must take security for such investment, upon real or personal property or otherwise, as the society or association deems fit. The association or society may elect a board of trustees, consisting of no...

Section 1716.08 | Contracting with professional solicitors.

...isions of this chapter. The report is a public record open to public inspection under section 149.43 of the Revised Code. (F) The attorney general shall maintain a file for each registered professional solicitor and each fund-raising counsel that at any time has custody of contributions from a solicitation. In that file, the attorney general shall place all information received by the attorney general from those re...

Section 1724.02 | Powers of corporation.

...n 5709.81 of the Revised Code for the refunding purposes set forth in that section; or (II) If the land subject to reutilization is located within the corporate boundaries of a municipal corporation, that the municipal corporation issue bonds for the purpose of constructing public infrastructure improvements and take such other actions as the municipal corporation determines are in its interest and are authorized ...

Section 1726.05 | Acquiring shares.

...tate, including without limitation, any public utility companies, banking companies, trust companies, and foreign corporations licensed to do business in the state, except as provided in division (C) of this section, are hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness created by, or the shares of ...

Section 1726.09 | Net earnings, surplus.

...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 of the amount paid in on the shares of the corporation then outstanding. Whenever the amount of such surplus becomes impaired, it shall be built up again to the required amount in the...

Section 1727.02 | Investments - loans.

...01 of the Revised Code shall invest its funds exclusively for the purposes mentioned in its articles of incorporation, and may invest them in mortgages upon real estate or in county, state, or United States securities. In its articles of incorporation, it may designate the kinds of securities in which its funds shall be invested, in which case no part of such funds shall be invested in securities other than those nam...

Section 1729.08 | Amendment or restatement of articles.

...(A) The articles of incorporation of an association may be altered or amended at any regular meeting of the association or at any special meeting called for that purpose, provided that the text of the proposed change, or a general description of the change, is contained in the notice of the meeting. An amendment shall first be approved by two thirds of the directors and shall then be adopted by an affirmative vote of...

Section 1729.18 | Association members - meetings.

...may provide that the notice be given by publication in a newspaper or newspapers of general circulation in the trade area of the association if notice to individual members and affected shareholders is impracticable.

Section 1729.19 | Action authorized or taken without meeting.

...(A) Unless prohibited in an association's articles of incorporation or bylaws, any action that may be authorized or taken at a meeting of the members, affected stockholders, the board, or any committee of the board, may be authorized or taken without a meeting, with the affirmative vote or approval of the following: (1) In the case of members or affected stockholders, sixty per cent of the votes of the members or af...

Section 1729.25 | Liability of members, directors, officers.

...harge of its accounts or by a certified public accountant or firm of certified public accountants, or in good faith considered the assets to be of their book value, or followed what the director believed to be sound accounting and business practice. (C) A director who is present at a meeting of the board or a committee of the board at which action on any matter is authorized or taken and who has not voted for or aga...

Section 1729.35 | Association may merge or consolidate with one or more associations.

...(A) An association may merge or consolidate with one or more associations under this chapter. Before an association may merge or consolidate with any other association, a written agreement of merger or consolidation shall be approved by the board of each constituent association and by the members of each constituent association. The agreement shall set forth the terms of the merger or consolidation, including any pr...