Ohio Code § 731.56
Ohio Code § 731.56. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 731.56.
The legislative authority of a municipal corporation may, by ordinance, provide that
whenever there are moneys in the treasury of such municipal corporation which will
not be required to be used by such municipal corporation for a period of six months
or more, such moneys may be invested in obligations of such municipal corporation,
obligations made eligible for the deposit or investment of interim moneys of subdivisions
of the state under section 135.14 of the Revised Code , bonds of this state, and bonds of any municipal corporation, county, township, or
other political subdivision of this state, as to which there is no default of principal,
interest, or coupons. Such investments shall not be made at a price in excess of the current market value
of such bonds or other interest-bearing obligations. Such bonds or other interest-bearing obligations may be liquidated or sold for cash
and for a sum not less than their current market price, in the manner prescribed in sections 731.57 to 731.59 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 731.56
- 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 § 731.56?
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 § 731.56 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 § 731.56 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Statutes are amended, repealed, and renumbered every session.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.