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2011 Ohio Revised Code
Title [33] XXXIII EDUCATION - LIBRARIES
Chapter 3313: BOARDS OF EDUCATION
3313.19 Power of board to compound or release claims due from banks.
Universal Citation:
OH Rev Code § 3313.19
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
The board of education of any school district may compound or release, in whole or in part, a debt, obligation, judgment, or claim due the school district, or due the board of the school district from a bank in process of liquidation or operating under a conservatorship, except where any member of the board is personally interested as a stockholder. The board shall enter upon its records a statement of the facts and the reasons for such compounding or release.
Effective Date: 10-01-1953
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