Ohio § 1729.60

§ 1729.60.

(A) Whenever, after an association is dissolved voluntarily, the articles of an association

have been canceled, or the period of existence of an association has expired, a receiver

is appointed to wind up the affairs of the association, all the claims, demands, rights,

interests, or liens of creditors, claimants, members, patrons, and stockholders shall

be determined as of the day on which the receiver was appointed.  Unless it is otherwise ordered, such appointment vests in the receiver and successors

of the receiver the right to the immediate possession of all the property of the association,

which shall, if so ordered, execute and deliver conveyances of such property to the

receiver. (B) Any officer, director, member, or other person, whether a resident of the state or

a nonresident and however interested, may be appointed as receiver. (C) The receiver shall have all the authority vested in the directors and officers of

the association, shall exercise such authority subject to such orders as are made

by the court, and may be required to qualify by giving bond to the state in such amount

as the court fixes, with surety to the satisfaction of the clerk of the court, conditioned

for the faithful discharge of duties and for a due accounting for all money or property

received.