Ohio § 1729.13

§ 1729.13.

(A) An association may pay dividends annually on its capital stock.  All its other net income from business with or for members and other eligible patrons,

less reserves which shall be provided for in the bylaws or other written agreements,

shall be distributed to its members and other eligible patrons on the basis of patronage

as provided in the bylaws or other written agreements.  Any receipts or dividends from subsidiary corporations, or from stock or other securities

owned by the association, may be included in the ordinary receipts of the association,

and may be distributed accordingly. (B) An association, at any time, may purchase its own common stock at par or book value

as determined by the board. (C) An association shall have a continued perfected security interest in its membership

stock and patronage stock to secure payment of any indebtedness or other obligation

of the holder or owner to the association.  Notwithstanding Chapters 1308. and 1309. of the Revised Code, the security interest

shall have priority over all other perfected security interests.  Unless otherwise provided in the association's articles of incorporation or bylaws,

or by contract, a member or other patron has no right to compel an association to

offset its membership stock or patronage stock against any indebtedness or obligation

owed to the association.