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Ohio Revised Code Title VII. Municipal Corporations § 715.04

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All municipal corporations may compound or release, in whole or in part, any debt, obligation, judgment, or claim, due the municipal corporation from a bank in process of liquidation or operating under a conservatorship.  Where a member of the legislative authority is personally interested as a stockholder in such bank, the legislative authority of such municipal corporation shall enter upon its records a statement of the facts and the reasons for such compounding or release.

Cite this article: - Ohio Revised Code Title VII. Municipal Corporations § 715.04 - last updated January 01, 2020 |

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