Ohio Rev. Code § 3925.22

Current with legislation from 2024 received as of August 15, 2024.
Section 3925.22 - Restriction against debts

No mutual insurance company shall borrow money or create a debt, except for necessary office buildings, which is to continue beyond the period when an assessment may be collected and applied to the payment thereof, and no member of such a company shall be assessed for liabilities incurred prior to his membership.

R.C. §3925.22

Effective Date: 10/1/1953 .