Ohio § 1745.38 Association mortgages

Ohio Statutes

§ 1745.38 — Association mortgages

Ohio § 1745.38

Title 17Corporations-Partnerships

Ch. 1745Uniform Unincorporated Nonprofit Association Act

This text of Ohio § 1745.38 (Association mortgages) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1745.38 (2026).

Text

The managers of an unincorporated nonprofit  association may authorize any mortgage, pledge, or deed of trust  of all or any of the property of the association of any  description or any interest in the property, for the purpose of  securing the payment or performance of any obligation or contract.  Unless the governing principles or the terms of any trust on which  the association holds any particular property provide otherwise,  no vote or consent of the members of the association or  authorization from the court under section1715.39of the Revised  Code is necessary for that action.

Free access — add to your briefcase to read the full text and ask questions with AI

The managers of an unincorporated nonprofit association may authorize any mortgage, pledge, or deed of trust of all or any of the property of the association of any description or any interest in the property, for the purpose of securing the payment or performance of any obligation or contract. Unless the governing principles or the terms of any trust on which the association holds any particular property provide otherwise, no vote or consent of the members of the association or authorization from the court under section1715.39of the Revised Code is necessary for that action.