2011 Ohio Revised Code
Title [1] I STATE GOVERNMENT
Chapter 118: LOCAL FISCAL EMERGENCIES
118.31 Court action to dissolve a municipal corporation or township.
(A) Upon petition of the financial supervisor and approval of the financial planning and supervision commission, if any, the attorney general shall file a court action to dissolve a municipal corporation or township if all of the following conditions apply:
(1) The municipal corporation or township has a population of less than five thousand as of the most recent federal decennial census.
(2) The municipal corporation or township has been under a fiscal emergency for at least four consecutive years.
(3) Implementation of the financial plan of the municipal corporation or township required under this chapter cannot reasonably be expected to correct and eliminate all fiscal emergency conditions within five years.
(B) If the court finds that all of the conditions described in division (A) of this section apply to the municipal corporation or township, it shall appoint a receiver. The receiver, under court supervision, shall work with executive and legislative officers of the municipal corporation or township to wind up the affairs of and dissolve the municipal corporation in accordance with section 703.21 of the Revised Code or the township in accordance with the process in section 503.02 and sections 503.17 to 503.21 of the Revised Code.
Added by 129th General Assembly File No. 28, HB 153, § 101.01, eff. 9/29/2011.
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