Ohio Code § 1724.06
Ohio Code § 1724.06. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1724.06.
If any community improvement corporation fails to prepare an annual financial report
as required by section 1724.05 of the Revised Code and to file that report with the auditor of state within ninety days of the time
prescribed for that filing by that section, or if the auditor of state determines
by applying the standards applicable to a public office under section 117.41 of the Revised Code that any community improvement corporation cannot be audited and declares it to be
unauditable and the corporation fails to then prepare an annual financial report as
required by section 1724.05 of the Revised Code and to file that report with the auditor of state within ninety days of the time
that the auditor of state declared the corporation to be unauditable, the auditor
of state shall certify that fact to the secretary of state. The secretary of state then shall cancel the articles of the community improvement
corporation involved by filing and recording the certificate of the auditor of state
or a true copy of it. All of the rights, privileges, and franchises conferred upon that community improvement
corporation by those articles of incorporation then shall cease. The secretary of state shall immediately notify that community improvement corporation
of the action taken. Reinstatement may be accomplished within two years after that cancellation upon
proper filing of all delinquent annual financial reports to the satisfaction of the
auditor of state and the filing of the auditor of state's certificate reflecting that
satisfaction with the secretary of state, who shall be entitled to a fee of ten dollars
for recording the certificate in the corporate records. That filing may be made by any officer, member, creditor, receiver, lessee, or sublessee
of the community improvement corporation involved, and any such person or agent of
any such person shall be granted access to the books and records of the corporation
for that purpose. The rights, privileges, and franchises of a community improvement corporation whose
articles have been reinstated are subject to section 1702.60 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1724.06
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
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
What is the source of Ohio Revised Code § 1724.06?
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 § 1724.06 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1724.06 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
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