2006 Ohio Revised Code - 3925.22. Restriction against debts.
§ 3925.22. Restriction against debts.
No mutual insurance company shall borrow money or create a debt, except for necessary office buildings, which is to continue beyond the period when an assessment may be collected and applied to the payment thereof, and no member of such a company shall be assessed for liabilities incurred prior to his membership.
HISTORY: RS § 3650; 69 v 140, § 16; 79 v 133; 85 v 273, 275; GC § 9539; Bureau of Code Revision. Eff 10-1-53.
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