Ohio Code 1729.04 – Use of words in name – prohibition
(A) The name of any association organized under this chapter shall include the word or abbreviation “cooperative,” “coop,” “co-operative,” “co-op,” “association,” “assn.,” “company,” “co.,” “incorporated,” “inc.,” “corporation,” or “corp.”
Terms Used In Ohio Code 1729.04
- Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
- 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
- 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.
- Person: includes a natural person, partnership, corporation, cooperative, or other entity. See Ohio Code 1729.01
- state: means the state of Ohio. See Ohio Code 1.59
- United States: includes all the states. See Ohio Code 1.59
(B) No corporation or other person organized or applying to do business in this state shall use the word or abbreviation “cooperative,” “coop,” “co-operative,” or “co-op” as a part of its corporate or other business name or title, unless at least one of the following applies:
(1) It is organized under this chapter.
(2) It is organized and operating on a cooperative basis under Chapter 1702 of the Revised Code.
(3) It is organized and operating in accordance with the cooperative laws of another state, the District of Columbia, or the United States.
(4) It is a state or federally chartered credit union.