State Codes and Statutes
Statutes > Ohio > Title5 > Chapter505 > 505_34
505.34 Compounding or release of claims due from banks.
The board of township trustees may compound or release, in whole or in part, a debt, obligation, judgment, or claim due the township, from a bank in process of liquidation or operating under a conservatorship, or due the board, except where any member of such board is personally interested as a stockholder of the bank. The board shall enter upon its records a statement of the facts and the reasons for such compounding or release.
Effective Date: 10-01-1953
