Ohio § 1724.07
Full text of Ohio Ohio Revised Code § 1724.07, with citation guidance and answers to common questions.
§ 1724.07.
Except as provided in section 703.376 of the Revised Code , in the event of voluntary or involuntary dissolution, liquidation, or failure to
reinstate the articles after cancellation of the community improvement corporation,
any remaining assets shall be applied as follows: (A) In the case of an economic development corporation, to such civic projects or public
charitable purposes in the community or area as may be determined by the directors
with the approval of the court of common pleas of the county wherein the corporation
has its principal place of business; (B) In the case of a county land reutilization corporation, as determined by the board
of county commissioners with the written approval of the county treasurer. Pending the determination, the remaining assets shall be transferred to the general
fund of the county to be held and accounted for in a separate account until applied
as determined by the board.
Frequently Asked Questions About Ohio § 1724.07
What does Ohio Revised Code § 1724.07 cover?
Section 1724.07 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 § 1724.07?
A common citation format is "Ohio Revised Code § 1724.07" (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 § 1724.07 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.