Ohio § 3925.16 Increase of capital stock

Ohio Statutes

§ 3925.16 — Increase of capital stock

Ohio § 3925.16

Title 39Insurance

Ch. 3925Domestic Insurance Companies Other Than Life

This text of Ohio § 3925.16 (Increase of capital stock) 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. § 3925.16 (2026).

Text

When, in the opinion of its directors, a company organized under sections3925.01to3925.34, inclusive, of the Revised Code, requires an increased amount of capital, if such an increase is authorized by the holders of two thirds of the stock, said directors shall file with the secretary of state a certificate setting forth the amount of the desired increase.  Thereafter the company may have the increased amount of capital fixed by such certificate. The examination of securities composing the capital stock thus increased shall be made as provided by section3925.11of the Revised Code for capital stock originally paid in.

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When, in the opinion of its directors, a company organized under sections3925.01to3925.34, inclusive, of the Revised Code, requires an increased amount of capital, if such an increase is authorized by the holders of two thirds of the stock, said directors shall file with the secretary of state a certificate setting forth the amount of the desired increase. Thereafter the company may have the increased amount of capital fixed by such certificate. The examination of securities composing the capital stock thus increased shall be made as provided by section3925.11of the Revised Code for capital stock originally paid in.