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2011 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1151: SAVINGS AND LOAN ASSOCIATIONS - GENERALLY
1151.13 Quorum of board of directors.

Universal Citation:
OH Rev Code § 1151.13
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

A majority of all authorized directors of a building and loan association is necessary to constitute a quorum for the transaction of business by its board of directors. Except as otherwise provided by law or in the constitution or bylaws of the association, the acts of a majority of the directors who are present, at a meeting at which a quorum is present, are the acts of the board.

Effective Date: 08-09-1963

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