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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 1702.37 | Usury.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1702 Nonprofit Corporation Law
 
Effective:
October 11, 1955
Latest Legislation:
House Bill 70 - 101st General Assembly
PDF:
Download Authenticated PDF
 

No domestic or foreign corporation, or any one on its behalf, shall interpose the defense or make the claim of usury in any proceeding upon or with reference to any obligation of such corporation; nor shall any corporate note, bond, or other evidence of indebtedness, mortgage, pledge, or deed of trust, be set aside, impaired, or adjudged invalid by reason of anything contained in laws prohibiting usury or regulating interest rates.

Available Versions of this Section