There Is a Newer Version
of
the Ohio Revised Code
2011 Ohio Revised Code
Title [5] V TOWNSHIPS
Chapter 505: TRUSTEES
505.34 Compounding or release of claims due from banks.
Universal Citation:
OH Rev Code § 505.34
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.
The board of township trustees may compound or release, in whole or in part, a debt, obligation, judgment, or claim due the township, from a bank in process of liquidation or operating under a conservatorship, or due the board, except where any member of such board is personally interested as a stockholder of the bank. 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
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
