Ohio Code 1729.02 – Purposes – associations deemed nonprofit – chapter title
(A) An association may be organized under this chapter for any lawful purpose permitted to corporations by the laws of this state, except any such purpose that is inconsistent with the provisions of this chapter or other chapters of Title XVII of the Revised Code. This section does not authorize any professional services otherwise prohibited by law.
Terms Used In Ohio Code 1729.02
- Association: means any corporation organized under this chapter. See Ohio Code 1729.01
- Cooperative: means an association or a foreign association. See Ohio Code 1729.01
- members: as used in this chapter with respect to the right of a member to vote, voting procedure, the required proportion of member votes, actions that are required or permitted to be taken by members, and the number of members required for a quorum, means the delegates or other members entitled to vote. See Ohio Code 1729.17
- state: means the state of Ohio. See Ohio Code 1.59
(B) Associations shall be corporations that are deemed nonprofit because they are not organized for the purpose of making a profit for themselves as such, or for the purpose of making a profit for their members as such, but for their members as patrons. This chapter and not Chapter 1702 of the Revised Code shall govern associations.
(C) A municipal power agency, as “municipal power agency” is defined in section 3734.058 of the Revised Code, is not an association for the purposes of this chapter.
(D) This chapter shall be known as the “Ohio Cooperative Law.”