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2021 Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1701 | General Corporation Law
Section 1701.29 | Organizing and Financing Expenses.
Universal Citation: Ohio Rev Code § 1701.29 (2021)
Effective: October 11, 1955
Latest Legislation: House Bill 70 - 101st General Assembly
A corporation may pay as cost of organization or reorganization the reasonable expenses incident thereto, and it may also pay or allow reasonable expenses, compensation, or discount for the sale, underwriting, or purchase of any of its shares; such payment or allowance shall not have the effect of rendering shares not fully paid and nonassessable.
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