Ohio Code § 1724.01
Ohio Code § 1724.01. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1724.01.
(A) As used in this chapter: (1) “ Community improvement corporation ” means an economic development corporation or a county land reutilization corporation. (2) “ Economic development corporation ” means a corporation organized for the purposes described in division (B)(1) of this
section. (3) “ County land reutilization corporation ” means a corporation organized under section 1724.04 of the Revised Code for the purposes described in division (B)(2) of this section. (B) A corporation not for profit may be organized in the manner provided in section 1702.04 of the Revised Code , and as provided in sections 1724.01 to 1724.09 of the Revised Code , for the purposes of: (1) Advancing, encouraging, and promoting the industrial, economic, commercial, and civic
development of a community or area; or (2)(a) Facilitating the reclamation, rehabilitation, and reutilization of vacant, abandoned,
tax-foreclosed, or other real property within the county for whose benefit the corporation
is being organized, but not limited to the purposes described in division (B)(2) of
this section; (b) Efficiently holding and managing vacant, abandoned, or tax-foreclosed real property
pending its reclamation, rehabilitation, and reutilization; (c) Assisting governmental entities and other nonprofit or for-profit persons to assemble,
clear, and clear the title of property described in this division in a coordinated
manner; or (d) Promoting economic and housing development in the county or region.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1724.01
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1724.01 address?
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