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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.

Section 1743.04 | Corporations designated as home for aged and indigent persons.

Ohio Revised Code
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Title 17 Corporations-Partnerships
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Chapter 1743 Miscellaneous Provisions And Types Of Companies
 
Effective:
October 25, 1978
Latest Legislation:
House Bill 349 - 112th General Assembly
PDF:
Download Authenticated PDF
 

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.

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