Ohio § 3313.19 Power of board to compound or release claims due from banks

Ohio Statutes

§ 3313.19 — Power of board to compound or release claims due from banks

Ohio § 3313.19

Title 33Education-Libraries

Ch. 3313Boards of Education

This text of Ohio § 3313.19 (Power of board to compound or release claims due from banks) 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. § 3313.19 (2026).

Text

The board of education of any school district may compound or release, in whole or in part, a debt, obligation, judgment, or claim due the school district, or due the board of the school district from a bank in process of liquidation or operating under a conservatorship, except where any member of the board is personally interested as a stockholder. The board shall enter upon its records a statement of the facts and the reasons for such compounding or release.

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

The board of education of any school district may compound or release, in whole or in part, a debt, obligation, judgment, or claim due the school district, or due the board of the school district from a bank in process of liquidation or operating under a conservatorship, except where any member of the board is personally interested as a stockholder. The board shall enter upon its records a statement of the facts and the reasons for such compounding or release.