Ohio § 1724.01
Full text of Ohio Ohio Revised Code § 1724.01, with citation guidance and answers to common questions.
§ 1724.01.
(A) As used in this chapter: (1) “ Community improvement corporation ” means an economic development corporation or a county land reutilization corporation. (2) “ Economic development corporation ” means a corporation organized for the purposes described in division (B)(1) of this
section. (3) “ County land reutilization corporation ” means a corporation organized under section 1724.04 of the Revised Code for the purposes described in division (B)(2) of this section. (B) A corporation not for profit may be organized in the manner provided in section 1702.04 of the Revised Code , and as provided in sections 1724.01 to 1724.09 of the Revised Code , for the purposes of: (1) Advancing, encouraging, and promoting the industrial, economic, commercial, and civic
development of a community or area; or (2)(a) Facilitating the reclamation, rehabilitation, and reutilization of vacant, abandoned,
tax-foreclosed, or other real property within the county for whose benefit the corporation
is being organized, but not limited to the purposes described in division (B)(2) of
this section; (b) Efficiently holding and managing vacant, abandoned, or tax-foreclosed real property
pending its reclamation, rehabilitation, and reutilization; (c) Assisting governmental entities and other nonprofit or for-profit persons to assemble,
clear, and clear the title of property described in this division in a coordinated
manner; or (d) Promoting economic and housing development in the county or region.
Frequently Asked Questions About Ohio § 1724.01
What does Ohio Revised Code § 1724.01 cover?
Section 1724.01 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 § 1724.01?
A common citation format is "Ohio Revised Code § 1724.01" (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 § 1724.01 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.