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Current as of January 01, 2024 | Updated by FindLaw Staff
(A) An association may be organized under this chapter for any lawful purpose permitted to corporations by the laws of this state, except any such purpose that is inconsistent with the provisions of this chapter or other chapters of Title XVII of the Revised Code. This section does not authorize any professional services otherwise prohibited by law.
(B) Associations shall be corporations that are deemed nonprofit because they are not organized for the purpose of making a profit for themselves as such, or for the purpose of making a profit for their members as such, but for their members as patrons. This chapter and not Chapter 1702. of the Revised Code shall govern associations.
(C) A municipal power agency, as “municipal power agency” is defined in section 3734.058 of the Revised Code, is not an association for the purposes of this chapter.
(D) This chapter shall be known as the “Ohio Cooperative Law.”
Cite this article: FindLaw.com - Ohio Revised Code Title XVII. Corporations Partnerships § 1729.02 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xvii-corporations-partnerships/oh-rev-code-sect-1729-02/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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