Ohio Code § 715.04
Ohio Code § 715.04. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 715.04.
All municipal corporations may compound or release, in whole or in part, any debt,
obligation, judgment, or claim, due the municipal corporation from a bank in process
of liquidation or operating under a conservatorship. Where a member of the legislative authority is personally interested as a stockholder
in such bank, the legislative authority of such municipal corporation shall enter
upon its records a statement of the facts and the reasons for such compounding or
release.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 715.04
- 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 § 715.04?
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 § 715.04 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 § 715.04 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Statutes are amended, repealed, and renumbered every session.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.