Ohio § 3919.33
Full text of Ohio Ohio Revised Code § 3919.33, with citation guidance and answers to common questions.
§ 3919.33.
The expenses of corporations, companies, or associations referred to in section 3919.31 of the Revised Code shall be met by fixed annual payments, payable quarterly or otherwise, or by assessments
on the members, payable as provided in the bylaws. On either plan there may be included, in such payments or assessments, a certain
per cent thereof, to be fixed by the bylaws, which when collected must be credited
on the books of the company to the expense fund, and the residue of such payments
or assessments must be credited to the fund to pay losses and create a reserve or
guarantee fund for the payment of losses and liabilities. Such funds must be kept separate and never shall be interchanged or used for purposes
other than those for which they were respectively collected; except that funds collected,
but not required for expenses, may be transferred to the fund for payment of losses
or the reserve or guarantee fund. The assessed member shall be notified at the time of the collection of each payment,
the per cent thereof that is collected to pay expenses, and the per cent thereof that
is collected to pay losses and create a guarantee fund. This section does not prevent the company from distributing to certificate holders
the surplus in the accident fund and the surplus arising from the reserve on lapsed
and canceled certificates, as provided by the bylaws of the company.
Frequently Asked Questions About Ohio § 3919.33
What does Ohio Revised Code § 3919.33 cover?
Section 3919.33 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 § 3919.33?
A common citation format is "Ohio Revised Code § 3919.33" (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 § 3919.33 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.