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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1701.29 | Organizing and financing expenses.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1701 General Corporation Law
 
Effective:
October 11, 1955
Latest Legislation:
House Bill 70 - 101st General Assembly
PDF:
Download Authenticated PDF
 

A corporation may pay as cost of organization or reorganization the reasonable expenses incident thereto, and it may also pay or allow reasonable expenses, compensation, or discount for the sale, underwriting, or purchase of any of its shares; such payment or allowance shall not have the effect of rendering shares not fully paid and nonassessable.

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