Ohio Revised Code Chapter 1726 - Development Corporations

• Section 1726.01 - Development Corporation Definitions.
  As used in sections 1726.01 to 1726.13, inclusive, of the Revised Code, unless the context otherwise requires: (A) "Financial institutions" means any banking corporation,...
• Section 1726.02 - Formation Of Corporation - Contents Of Articles Of Incorporation.
  Ten or more natural persons, a majority of whom are citizens of this state, may form a development corporation under the provisions of Chapter...
• Section 1726.03 - Articles Of Incorporation To Be Examined By Attorney General, Certification And Record.
  When the articles of incorporation, or any amendment or amendments thereof, are filed in the office of the secretary of state under section 1726.02...
• Section 1726.04 - Powers Of Corporation.
  In furtherance of its purposes, and in addition to the powers conferred by Chapter 1701. of the Revised Code, a corporation incorporated under Chapter...
• Section 1726.05 - Acquiring Shares.
  (A) All persons, firms, partnerships, joint stock companies, association, or trust, and domestic corporations organized for the purpose of carrying on business within this...
• Section 1726.06 - Requesting Membership.
  Any financial institution may request membership in a corporation incorporated under Chapter 1726. of the Revised Code by making application to the board of...
• Section 1726.07 - Number Of Votes.
  Each shareholder shall have one vote, in person or by proxy, for each share of capital stock held by him, and each member shall...
• Section 1726.08 - Board Of Directors.
  The board of directors of a corporation incorporated under Chapter 1726. of the Revised Code shall be of such number in multiples of three...
• Section 1726.09 - Net Earnings, Surplus.
  Each year a corporation incorporated under Chapter 1726. of the Revised Code shall set apart as earned surplus not less than ten per cent...
• Section 1726.10 - Designation Of Depository.
  A corporation incorporated under Chapter 1726. of the Revised Code shall not deposit any of its funds in any banking institution unless such institution...
• Section 1726.11 - Annual Financial Reports - Audits.
  Each development corporation incorporated under this chapter shall prepare an annual financial report that conforms to rules prescribed by the auditor of state pursuant...
• Section 1726.12 - Cancellation Of Articles Of Incorporation.
  If any development corporation fails to prepare an annual financial report as required by section 1726.11 of the Revised Code and to file that...
• Section 1726.13 - Applicability Of General Corporation Laws.
  The provisions of Chapter 1701. of the Revised Code shall be applicable to corporations organized under this Chapter 1726. of the Revised Code to...
• Section 1726.14 - [Repealed].
  Effective Date: 01-10-1961
• Section 1726.15 - Investing In Housing Partnerships.
  Any financial institution, as defined in division (A) of section 1726.01 of the Revised Code, except a building and loan association, may purchase for...

Last modified: October 10, 2016