Ohio § 1701.17
Full text of Ohio Ohio Revised Code § 1701.17, with citation guidance and answers to common questions.
§ 1701.17.
(A) A corporation by its directors, upon terms as it may impose, may provide and carry
out plans for the issuance, offering, or sale, or for the grant of options, to employees
of the corporation or of subsidiary corporations, or to a trustee on their behalf,
during the period of their employment or other period, of, or with respect to, any
unissued shares, treasury shares, or shares to be purchased, which plans may provide
for the payment for such shares at one time or in installments or for the establishment
of special funds in which employees may participate. Shares otherwise subject to pre-emptive rights may be offered or sold under these
plans only when released from pre-emptive rights. (B)(1) The directors, or a committee of the directors, may delegate the authority described
in division (A) of this section to one or more officers if the resolution authorizing
the delegation specifies the total number of shares or options that the officer or
officers may award and the terms on which any shares may be issued, offered, or sold
or the terms of any options. (2) The directors may not authorize any officer described in division (B)(1) of this
section to designate that officer as a recipient of any shares or options with respect
to shares.
Frequently Asked Questions About Ohio § 1701.17
What does Ohio Revised Code § 1701.17 cover?
Section 1701.17 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1701.17?
A common citation format is "Ohio Revised Code § 1701.17" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1701.17 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.