Skip to main content
Back To Top Top Back To Top
Home Button Home Button Home Button
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 1745.38 | Association mortgages.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1745 Uniform Unincorporated Nonprofit Association Act
 
Effective:
May 22, 2012
Latest Legislation:
House Bill 267 - 129th General Assembly
PDF:
Download Authenticated PDF
 

The managers of an unincorporated nonprofit association may authorize any mortgage, pledge, or deed of trust of all or any of the property of the association of any description or any interest in the property, for the purpose of securing the payment or performance of any obligation or contract. Unless the governing principles or the terms of any trust on which the association holds any particular property provide otherwise, no vote or consent of the members of the association or authorization from the court under section 1715.39 of the Revised Code is necessary for that action.

Available Versions of this Section