Ohio Rev. Code § 715.04
This is the official text of Ohio Rev. Code § 715.04, part of Ohio’s Ohio Revised Code — the complete compiled statutory law of Ohio, organized into 40+ numbered titles by subject.
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§ 715.04. Compounding or release of claims due from banks
Official statutory text
October 1, 1953 House Bill 1 - 100th General Assembly All municipal corporations may compound or release, in whole or in part, any debt, obligation, judgment, or claim, due the municipal corporation from a bank in process of liquidation or operating under a conservatorship. Where a member of the legislative authority is personally interested as a stockholder in such bank, the legislative authority of such municipal corporation shall enter upon its records a statement of the facts and the reasons for such compounding or release.
Status: in_force · Read it on the official government site
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