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2022 Ohio Revised Code
Title 33 | Education-Libraries
Chapter 3313 | Boards of Education
Section 3313.19 | Power of Board to Compound or Release Claims Due From Banks.
Universal Citation: OH Rev Code § 3313.19 (2022)
Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
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.
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