Ohio Code 122.131 – Employee ownership assistance program
There is hereby created the employee ownership assistance program to be administered by the director of development. The director may employ any professional and technical personnel and other employees that are necessary to comply with sections 122.13 to 122.136 of the Revised Code. The director shall assist an individual or group of individuals, who seek assistance in the establishment of an employee-owned corporation. The director shall inform local government, business organizations, labor organizations, and others in the state of the availability of the program and its services established pursuant to sections 122.13 to 122.136 of the Revised Code.
Terms Used In Ohio Code 122.131
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: means the state of Ohio. See Ohio Code 1.59
- Technical personnel: means any of the following:
(a) Personnel who provide technical assistance according to their job description or in accordance with the Revised Code;
(b) Personnel employed in the director of development's office or the legal office, communications office, finance office, legislative affairs office, or human resources office of the department of development;
(c) Personnel employed in the technology division of the department. See Ohio Code 122.01