Ohio § 1721.16
Full text of Ohio Ohio Revised Code § 1721.16, with citation guidance and answers to common questions.
§ 1721.16.
A cemetery association may create a sinking fund, either out of surplus money on hand,
or out of money which has been given to the association by will, deed, or otherwise. The association may invest money appropriated to such sinking fund in bonds of the
United States, of the state of Ohio, or of a city therein, or may loan such money
upon first mortgage of real estate in this state worth double the loan or upon collateral
consisting of any such securities which are of equal face value with the loan. It shall not loan such money to a member of the cemetery board. All moneys thus appropriated to a sinking fund and interest earned thereon shall be
held exclusively for the enlargement, improvement, repair, or adornment of cemetery
grounds, or for constructing or keeping in repair buildings, monuments, or other structures
which the association deems necessary or appropriate for cemetery grounds, and shall
not be appropriated or used for any other purpose.
Frequently Asked Questions About Ohio § 1721.16
What does Ohio Revised Code § 1721.16 cover?
Section 1721.16 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 § 1721.16?
A common citation format is "Ohio Revised Code § 1721.16" (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 § 1721.16 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.