Ohio Code 761.01 – Industrial and economic development definitions
Current as of: 2023 | Check for updates
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As used in sections 761.01 to 761.14, inclusive, of the Revised Code:
Terms Used In Ohio Code 761.01
- 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.
(A) “Municipal corporation” means any municipal corporation, including those which have adopted a charter under Section 7 of Article XVIII, Ohio Constitution.
(B) “Project” means any site, structure, or facility connected with or being a part of a manufacturing, industrial, distribution, commercial, or research facility and the necessary operating machinery and equipment excluding motor vehicles, power driven vehicles, office equipment, raw materials, small tools, supplies and accounts receivable located within the boundaries of the municipal corporation.