Ohio Code 1717.02 – Objects and powers of humane societies
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The objects of all societies organized under section 1717.05 of the Revised Code shall be the inculcation of humane principles and the enforcement of laws for the prevention of cruelty to animals. To promote those objects such societies may acquire property, real or personal, by purchase or gift. All property acquired by such a society, by gift, devise, or bequest, for special purposes, shall be vested in its board of trustees, which shall consist of three members elected by the society. The board shall manage such property and apply it in accordance with the terms of the gift, devise, or bequest, and may sell it and reinvest the proceeds.
Terms Used In Ohio Code 1717.02
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: means real and personal property. See Ohio Code 1.59