Ohio Revised Code (Last Updated: January 27, 2016)

Section 1133.12. No loans to officers or trustees

Latest version.

No officer or trustee of a society incorporated under this chapter shall, on or after January 1, 1968, borrow any of its funds, become surety for loans by it to others, or directly or indirectly, on behalf of himself or herself or of others, become an obligor for money borrowed from the corporation.

Effective Date: 01-01-1997

                    
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