Ohio § 1727.02
Full text of Ohio Ohio Revised Code § 1727.02, with citation guidance and answers to common questions.
§ 1727.02.
After paying its expenses, an association coming within the purview of section 1727.01 of the Revised Code shall invest its funds exclusively for the purposes mentioned in its articles of
incorporation, and may invest them in mortgages upon real estate or in county, state,
or United States securities. In its articles of incorporation, it may designate the kinds of securities in which
its funds shall be invested, in which case no part of such funds shall be invested
in securities other than those named in the articles. It shall not make any loan to any of its trustees or officers. It may take by gift, subscription, purchase, devise, or loan; but it shall take
no loan for a term less than three years or more than twenty years, to an amount exceeding
one hundred thousand dollars, or at a rate of interest greater than four per cent
payable semiannually.
Frequently Asked Questions About Ohio § 1727.02
What does Ohio Revised Code § 1727.02 cover?
Section 1727.02 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 § 1727.02?
A common citation format is "Ohio Revised Code § 1727.02" (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 § 1727.02 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.