Ohio § 1761.14
Full text of Ohio Ohio Revised Code § 1761.14, with citation guidance and answers to common questions.
§ 1761.14.
(A) A credit union share guaranty corporation shall record income from investments in
an income account, and may use such income to defray expenses of operations. Income from all sources that exceeds an amount determined by the board of directors
to be adequate to provide for current expenses may be credited to participating credit
unions' accounts. (B) Expenses of operations that exceed income from all sources at year end shall be charged,
first to undivided or retained earnings, and then to participating credit unions'
accounts. Each participating credit union's accounts shall be charged ratably based on the
account balance for the amount of the excess.
Frequently Asked Questions About Ohio § 1761.14
What does Ohio Revised Code § 1761.14 cover?
Section 1761.14 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 § 1761.14?
A common citation format is "Ohio Revised Code § 1761.14" (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 § 1761.14 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.