Ohio § 1726.12
Full text of Ohio Ohio Revised Code § 1726.12, with citation guidance and answers to common questions.
§ 1726.12.
If any development corporation fails to prepare an annual financial report as required
by section 1726.11 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 development 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 1726.11 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, or if any annual
financial report discloses that any development corporation has failed to begin business
for a period of three years from the effective date of the filing of its articles
of incorporation, the auditor of state shall certify that fact to the secretary of
state. The secretary of state then shall cancel the articles of the development corporation
involved by appropriate entry upon the margin of the record of the articles. All the powers, privileges, and franchises conferred upon that development corporation
by those articles of incorporation then shall cease. The secretary of state shall immediately notify that development corporation of
the action taken.
Frequently Asked Questions About Ohio § 1726.12
What does Ohio Revised Code § 1726.12 cover?
Section 1726.12 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 § 1726.12?
A common citation format is "Ohio Revised Code § 1726.12" (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 § 1726.12 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.