Ohio Revised Code Chapter 1729 - Ohio Cooperative Law

• Section 1729.01 - Ohio Cooperative Law Definitions.
  As used in this chapter: (A) "Agricultural cooperative" means a cooperative to which all of the following apply: (1) The cooperative engages in any...
• Section 1729.02 - Purposes - Associations Deemed Nonprofit - Chapter Title.
  (A) An association may be organized under this chapter for any lawful purpose permitted to corporations by the laws of this state, except any...
• Section 1729.03 - Powers Of Association.
  Each association incorporated under this chapter shall have the following powers: (A) It may make contracts, incur liabilities, and borrow money; issue capital stock...
• Section 1729.031 - Indemnification.
  (A) (1) Subject to divisions (A)(2) and (3) of this section, an association may indemnify or agree to indemnify any person that was or...
• Section 1729.04 - Use Of Words In Name - Prohibition.
  (A) The name of any association organized under this chapter shall include the word or abbreviation "cooperative," "coop," "co-operative," "co-op," "association," "assn.," "company," "co.,"...
• Section 1729.05 - Amended And Renumbered Rc 1729.06.
  Effective Date: 08-05-1998
• Section 1729.06 - Number Of Incorporators - Statutory Agent.
  (A) Two or more individuals may form an association under this chapter. (B) (1) Every association shall have and maintain a statutory agent upon...
• Section 1729.07 - Articles Of Incorporation.
  (A) The articles of incorporation of an association shall set forth all of the following: (1) The name of the association; (2) The association's...
• Section 1729.08 - Amendment Or Restatement Of Articles.
  (A) The articles of incorporation of an association may be altered or amended at any regular meeting of the association or at any special...
• Section 1729.09 - Voting On Amendment.
  (A) (1) Unless the board provides that division (A)(3) of this section applies to an amendment to the articles of incorporation, a holder of...
• Section 1729.10 - Evidence Of Incorporation.
  (A) A copy of the association's articles of incorporation or amended articles filed in the office of the secretary of state, and certified by...
• Section 1729.11 - Reinstatement Of Association.
  (A) An association whose articles of incorporation have been canceled or an association that has been dissolved in a manner other than for a...
• Section 1729.12 - Filing Articles And Certificates Of Amendment.
  (A) For filing articles of incorporation or a certificate of amendment of articles or a certificate of merger, consolidation, division, or dissolution, and with...
• Section 1729.13 - Dividends - Stock - Security Interest.
  (A) An association may pay dividends annually on its capital stock. All its other net income from business with or for members and other...
• Section 1729.14 - Bylaws.
  Each association shall adopt for its governance and management, bylaws that are consistent with the powers granted by this chapter and the articles of...
• Section 1729.15 - Amended And Renumbered Rc 1729.27.
  Effective Date: 08-05-1998
• Section 1729.16 - Adoption, Amendment, Or Repeal Of Bylaws.
  (A) The initial bylaws may be adopted by the association's directors who are to serve until the first member meeting. After the initial bylaws...
• Section 1729.17 - Members Or Delegates Entitled To Vote.
  (A) Each member entitled to vote shall have one vote, except that the articles or bylaws of the association may permit the following: (1)...
• Section 1729.18 - Association Members - Meetings.
  (A) An association shall have two or more members. However, an association may have one member if that member is a cooperative that has...
• Section 1729.181 - [Repealed].
  Effective Date: 08-05-1998
• Section 1729.19 - Action Authorized Or Taken Without Meeting.
  (A) Unless prohibited in an association's articles of incorporation or bylaws, any action that may be authorized or taken at a meeting of the...
• Section 1729.191, 1729.192 - [Repealed].
  Effective Date: 08-05-1998
• Section 1729.20 - Methods Of Giving Notice - Signed Waiver.
  (A) Whenever notice is required by this chapter to be given to any person, the notice may be given personally, by mail, or by...
• Section 1729.21 - [Repealed].
  Effective Date: 08-05-1998
• Section 1729.22 - Board Of Directors.
  (A) Except where this chapter or an association's articles of incorporation or bylaws require that action be otherwise authorized or taken, all of the...
• Section 1729.23 - Standard Of Care For Directors.
  (A) A director shall perform the duties of a director, including duties as a member of any committee of the directors upon which the...
• Section 1729.24 - Effect Of Self-dealing.
  (A) Unless otherwise provided in an association's articles of incorporation or bylaws: (1) No contract or transaction between an association and one or more...
• Section 1729.25 - Liability Of Members, Directors, Officers.
  (A) The members, the directors, and the officers of an association shall not be personally liable for any obligation of the association. (B) (1)...
• Section 1729.26 - Officers.
  (A) The officers of an association shall consist of a president, a secretary, a treasurer, and, if desired, a chairperson and one or more...
• Section 1729.27 - Surety Bonds.
  If required by the association's bylaws, every officer, employee, and agent handling funds, negotiable instruments, or other property of or for an association shall...
• Section 1729.28 - Removal Of Officers Or Directors - Procedure.
  (A) Any member of an association may bring charges against an officer or director of the association by filing them in writing with the...
• Section 1729.29 - Books And Records - Examination By Member Or Stockholder.
  (A) An association shall keep correct and complete books and records of account, and shall also keep minutes of the proceedings of meetings of...
• Section 1729.30 To 1729.34 - [Repealed].
  Effective Date: 08-05-1998
• Section 1729.35 - Association May Merge Or Consolidate With One Or More Associations.
  (A) An association may merge or consolidate with one or more associations under this chapter. Before an association may merge or consolidate with any...
• Section 1729.36 - Association May Merge Or Consolidate With One Or More Entities.
  (A) An association may merge or consolidate with one or more entities, if such merger or consolidation is permitted by the laws under which...
• Section 1729.37 - Effective Date Of Merger Or Consolidation.
  (A) Unless a later date is specified in the agreement, a merger or consolidation under sections 1729.35 and 1729.36 of the Revised Code is...
• Section 1729.38 - Certificate Of Merger Or Consolidation Filing And Recording.
  (A) (1) Upon adoption of an agreement of merger or consolidation under section 1729.35 or 1729.36 of the Revised Code, a certificate, signed by...
• Section 1729.40 - Plan Of Division.
  (A) Any association may divide itself into two or more associations. A written plan of division shall be approved by the association's board. Such...
• Section 1729.42 - Conversions.
  (A) A domestic corporation that is not an association may convert itself into an association by adopting an amendment to its articles of incorporation...
• Section 1729.44 - Setting Aside Reorganizations.
  An action to set aside a merger, consolidation, division, or conversion of an association, on the ground that any section of the Revised Code...
• Section 1729.46 - Written Demand For Payment Of Fair Cash Value Of Stock.
  (A) In order to obtain payment of the fair cash value, a stockholder entitled to payment of the fair cash value of stock under...
• Section 1729.47 - Complaint For Fair Cash Value Of Stock.
  (A) If the association's articles of incorporation or bylaws do not provide a reasonable basis for determining and paying fair cash value of the...
• Section 1729.49 - Disposing Of Assets Of Association.
  (A) As used in this section, "substantially all" means more than two-thirds of the association's assets, measured, in the board's discretion, either by value...
• Section 1729.55 - Voluntary Dissolution.
  (A) An association may be dissolved voluntarily in the manner provided in this section. (B) A resolution of dissolution for an association shall state...
• Section 1729.56 - Public Notice Of Voluntary Dissolution.
  Following the filing of the certificate of dissolution, the directors, members, or incorporators who filed the certificate, as the case may be, shall cause...
• Section 1729.58 - Association May Act To Wind Up Affairs Or Obtain Reinstatement Of Articles.
  (A) When an association is dissolved voluntarily, when the articles of incorporation of an association have been canceled, when a final order of a...
• Section 1729.59 - Judicial Liquidations.
  (A) Without limiting the generality of its authority and subject to division (B) of this section, the court of common pleas of the county...
• Section 1729.60 - Receiver Appointed To Wind Up Affairs Of Association.
  (A) Whenever, after an association is dissolved voluntarily, the articles of an association have been canceled, or the period of existence of an association...
• Section 1729.61 - Complaint For Judicial Dissolution.
  (A) An association may be dissolved judicially and its affairs wound up by an order of the court of common pleas of the county...
• Section 1729.67 - Marketing Agreements.
  (A) A cooperative and any member may make marketing agreements, whether written separately or contained in the bylaws, in which the member agrees to...
• Section 1729.68 - Prohibited Acts - Injunctive Relief.
  (A) No processor, handler, distributor, or dealer, or agent thereof, who purchases or contracts to purchase any product from a person who produced the...
• Section 1729.69 - Unfair Marketing Practices.
  (A) No handler shall commit an unfair marketing practice, as defined in division (B) of this section, whenever a marketing cooperative has been authorized...
• Section 1729.70 - Agricultural Cooperative Not Illegal.
  (A) An agricultural cooperative is not a conspiracy, a combination in restraint of trade, an illegal monopoly, or an attempt to lessen competition or...
• Section 1729.76 - Foreign Association.
  Any foreign association may carry on any proper activities in this state upon compliance with the general regulations applicable to foreign corporations desiring to...
• Section 1729.80 - Membership In Other Organizations.
  An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other cooperative, corporation,...
• Section 1729.84 - Exemptions For Agricultural Products.
  Any exemptions under any law applying to agricultural products in the possession or under the control of the individual producer also shall apply to...
• Section 1729.85 - Stock Not Considered Securities.
  Membership stock and patronage stock of a cooperative are not to be considered securities under Chapter 1707. of the Revised Code. Effective Date: 08-05-1998;
• Section 1729.86 - Application Of Laws.
  (A) Except as otherwise provided in this chapter, this chapter applies to all associations, whether organized under this chapter prior to the effective date...
• Section 1729.99 - Penalty.
  (A) Whoever violates section 1729.04 of the Revised Code shall be fined not less than five hundred nor more than twenty-five hundred dollars for...

Last modified: October 10, 2016