Ohio § 3919.01
Full text of Ohio Ohio Revised Code § 3919.01, with citation guidance and answers to common questions.
§ 3919.01.
A company or association may be organized to transact the business of life or accident
or life and accident insurance on the assessment plan, for the purpose of mutual protection
and relief of its members, and for the payment of stipulated sums of money to the
families, heirs, executors, administrators, or assigns of the deceased members of
such company or association, as the member may direct, in the manner provided in the
bylaws. The company also may receive money either by voluntary donation or contribution,
or by collection through assessments on its members, and may accumulate, invest, distribute,
and appropriate such money in any manner that it deems proper. All accumulations and accretions thereon shall be held and used as the property
of the members and in the interest of the members, and shall not be loaned to, or
used, appropriated, or invested for, the benefit of any officer or manager of such
company or association. No company or association shall issue a certificate for a greater amount than it
is able to pay from the proceeds of one assessment. Such company or association is subject to sections 3919.01 to 3919.41, inclusive, of the Revised Code .
Frequently Asked Questions About Ohio § 3919.01
What does Ohio Revised Code § 3919.01 cover?
Section 3919.01 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 § 3919.01?
A common citation format is "Ohio Revised Code § 3919.01" (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 § 3919.01 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.