Ohio Code § 1724.07
Ohio Code § 1724.07. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1724.07.
Except as provided in section 703.376 of the Revised Code , in the event of voluntary or involuntary dissolution, liquidation, or failure to
reinstate the articles after cancellation of the community improvement corporation,
any remaining assets shall be applied as follows: (A) In the case of an economic development corporation, to such civic projects or public
charitable purposes in the community or area as may be determined by the directors
with the approval of the court of common pleas of the county wherein the corporation
has its principal place of business; (B) In the case of a county land reutilization corporation, as determined by the board
of county commissioners with the written approval of the county treasurer. Pending the determination, the remaining assets shall be transferred to the general
fund of the county to be held and accounted for in a separate account until applied
as determined by the board.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1724.07
- 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 § 1724.07?
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 § 1724.07 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 § 1724.07 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Statutes are amended, repealed, and renumbered every session.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?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.