Ohio § 1724.06
Full text of Ohio Ohio Revised Code § 1724.06, with citation guidance and answers to common questions.
§ 1724.06.
If any community improvement corporation fails to prepare an annual financial report
as required by section 1724.05 of the Revised Code and to file that report with the auditor of state within ninety days of the time
prescribed for that filing by that section, or if the auditor of state determines
by applying the standards applicable to a public office under section 117.41 of the Revised Code that any community improvement corporation cannot be audited and declares it to be
unauditable and the corporation fails to then prepare an annual financial report as
required by section 1724.05 of the Revised Code and to file that report with the auditor of state within ninety days of the time
that the auditor of state declared the corporation to be unauditable, the auditor
of state shall certify that fact to the secretary of state. The secretary of state then shall cancel the articles of the community improvement
corporation involved by filing and recording the certificate of the auditor of state
or a true copy of it. All of the rights, privileges, and franchises conferred upon that community improvement
corporation by those articles of incorporation then shall cease. The secretary of state shall immediately notify that community improvement corporation
of the action taken. Reinstatement may be accomplished within two years after that cancellation upon
proper filing of all delinquent annual financial reports to the satisfaction of the
auditor of state and the filing of the auditor of state's certificate reflecting that
satisfaction with the secretary of state, who shall be entitled to a fee of ten dollars
for recording the certificate in the corporate records. That filing may be made by any officer, member, creditor, receiver, lessee, or sublessee
of the community improvement corporation involved, and any such person or agent of
any such person shall be granted access to the books and records of the corporation
for that purpose. The rights, privileges, and franchises of a community improvement corporation whose
articles have been reinstated are subject to section 1702.60 of the Revised Code .
Frequently Asked Questions About Ohio § 1724.06
What does Ohio Revised Code § 1724.06 cover?
Section 1724.06 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 § 1724.06?
A common citation format is "Ohio Revised Code § 1724.06" (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 § 1724.06 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.