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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 3314.043 | Indemnification from management companies for losses due to conflict of interest.

Ohio Revised Code
/
Title 33 Education-Libraries
/
Chapter 3314 Community Schools
 
Effective:
November 2, 2018
Latest Legislation:
Senate Bill 216 - 132nd General Assembly
PDF:
Download Authenticated PDF
 

In the case there exists any business or familial relationship between a governing authority of a community school or any of its officers or employees and a management company contracted by the school or any of that company's officers or employees, other than the operator agreement itself, the management company shall agree to indemnify the school for financial losses to the community school up to the amount of the moneys received by the management company.

Available Versions of this Section