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2013 Ohio Revised Code
Title [33] XXXIII EDUCATION - LIBRARIES
Chapter 3313 - BOARDS OF EDUCATION.
Section 3313.19 - Power of board to compound or release claims due from banks.


Ohio Rev Code § 3313.19 (2013) What's This?

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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