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2017 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1151 - SAVINGS AND LOAN ASSOCIATIONS - GENERALLY
Section 1151.13 - [Repealed Effective 1/1/2018] Quorum of board of directors.
Universal Citation: Ohio Rev Code § 1151.13 (2017)
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.
Repealed by 132nd General Assembly File No. TBD, HB 49, §130.23, eff. 1/1/2018.
Effective Date: 08-09-1963 .
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