Ohio Code § 5312.09

§ 5312.09.

(A)(1) The owners association may not assign the right to common assessments, or the future

income from those assessments, or convey any fee interest or any security interest

in any portion of the common elements unless the declaration specifically provides

for such a conveyance or seventy-five per cent of the voting power of the owners association,

or any larger percentage the declaration specifies, approves the conveyance. (2) The owners association may not convey any fee interest in a limited common element

or subject a limited common element to a security interest without the approval of

all of the owners of the lots to which the limited common element is allocated.  Any proceeds of the conveyance of a limited common element are an asset of the owners

association. (B) No contract to convey or subject a common element or a limited common element to

a security interest is enforceable against the owners association unless it complies

with division (A) of this section.  The board of directors, on behalf of the owners association, has all powers necessary

and appropriate to effect a conveyance or encumbrance that division (A) of this section

permits, including the power to execute a deed or other instrument.