reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1761.11 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.11 | Notification of Possession or Liquidation of Credit Union.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A) The superintendent of credit unions shall give prompt notice to the applicable credit union share guaranty corporation whenever he takes possession of the property and assets of a participating credit union. The superintendent shall give further prompt notice whenever he determines to liquidate the property and assets of such participating credit union.(B) When the property and business of a participating credit union has been liquidated or is in the process of liquidation and the proceeds of liquidation distributed are insufficient to pay the full guaranteed amount of each credit union share account, the corporation shall pay each such deficiency up to the guaranteed amount within thirty days from the date the credit union share account balance is verified. When such guaranteed amounts are paid, and after charging the amount thereof to undivided or retained earnings, each participating credit union's account shall be reduced ratably based on the account balance for the total amount paid.(C) When any member's credit union share account is paid, the corporation shall be subrogated to all rights of the member, up to the amount paid by the corporation to such member.
Ohio Rev Code § 1761.12 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.12 | Terminating Participation in Corporation of Participating Credit Union.

Effective: March 23, 2015|Latest Legislation:  House Bill 652 - 130th General Assembly|(A) A credit union share guaranty corporation may terminate the participation in the corporation of a participating credit union for any of the following reasons:(1) The participating credit union fails to satisfy the risk eligibility standards established by the corporation and applicable to all applying and participating credit unions;(2) The participating credit union otherwise operates in an unsafe and unsound manner as determined by the corporation;(3) The participating credit union fails to furnish financial statements, delinquent loan reports, or other information considered necessary by the corporation under division (B) or (C) of section 1761.08 of the Revised Code;(4) The participating credit union fails to remedy in a timely manner a qualification arising from an audit under division (E) of section 1761.08 of the Revised Code;(5) The participating credit union fails to pay when due a capital contribution or applicable premium, fee, or assessment under section 1761.10 of the Revised Code;(6) The participating credit union fails to comply with any provision of this chapter, the articles of incorporation or bylaws of the corporation, or any corrective action agreement executed between the participating credit union and the corporation;(7) Continued participation would result in a violation of this chapter or other applicable state or federal law by the corporation.(B)(1) The credit union share guaranty corporation shall, at least thirty days prior to the effective date of any termination, notify in writing the participating credit union to be terminated and the superintendent of credit unions, any other credit union supervisory authority, or the national credit union administration of the pending termination and the reasons for such termination.(2) The thirty-day notice of termination required under division (B)(1) of this section does not apply to the termination of excess coverage.
Ohio Rev Code § 1761.14 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.14 | Record and Use of Income.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A) A credit union share guaranty corporation shall record income from investments in an income account, and may use such income to defray expenses of operations. Income from all sources that exceeds an amount determined by the board of directors to be adequate to provide for current expenses may be credited to participating credit unions' accounts.(B) Expenses of operations that exceed income from all sources at year end shall be charged, first to undivided or retained earnings, and then to participating credit unions' accounts. Each participating credit union's accounts shall be charged ratably based on the account balance for the amount of the excess.
Ohio Rev Code § 1761.15 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.15 | Establishing Reserve for Guaranty Losses.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|A credit union share guaranty corporation shall establish a reserve for guaranty losses on an incurred basis in accordance with generally accepted accounting principles during the period in which such losses become evident. Such reserve shall provide for losses reported to the corporation, losses incurred but not reported, and estimated losses on the collection of notes and other guarantees to member credit unions. Estimates of loss frequency and loss severity for incurred but not reported losses shall be made based on historical data, trends, economic factors, and other statistical information related to member credit unions. Such reserve shall be reported in its annual statement to the superintendent of insurance according to the principles of statutory accounting. All determinations of the superintendent of insurance shall be made on the basis of principles of statutory accounting.
Ohio Rev Code § 1761.17 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.17 | Taking Possession of Property and Business of Credit Union Share Guaranty Corporation.

Effective: March 23, 2015|Latest Legislation:  House Bill 652 - 130th General Assembly|(A) The superintendent of credit unions or the superintendent of insurance may forthwith take possession of the property and business of the credit union share guaranty corporation and retain possession until the corporation satisfies the superintendent that it will operate in conformity with this chapter whenever it appears to the superintendent that the corporation has done any of the following:(1) Failed to pay the annual fee required by division (B) of section 1761.04 of the Revised Code;(2) Not paid deficiencies up to the maximum guaranteed amount within the time frame set forth in section 1761.11 of the Revised Code;(3) Invested its funds in violation of section 1761.13 of the Revised Code;(4) Not collected required capital contributions, special assessments, or special premium assessments in accordance with section 1761.10 of the Revised Code;(5) Knowingly violated any cease-and-desist order;(6) Neglected or refused to submit any item specifically required by the superintendent under this chapter to the inspection of any examiner or other agent of the superintendent.(B) During the time the superintendent of credit unions retains possession of the property and business of the corporation pursuant to division (A) of this section, the superintendent shall perform the duties and carry out the obligations of the corporation.(C) Whenever the superintendent has taken possession of the property and business of the corporation, if it considers itself aggrieved thereby, the corporation may, within ten days after such taking, apply to the common pleas court of Franklin county to enjoin further proceedings. The court, after citing the superintendent to show cause why further proceedings should not be enjoined, and after a hearing and a determination of the facts upon the merits, may dismiss such application or enjoin the superintendent from further proceedings and direct the superintendent to surrender the property and business to the corporation, or make such further order as may be just.(D) An appeal may be taken from the judgment of the court by the superintendent or by the corporation in the manner provided by law for appeals from the judgment of a court of common pleas. An appeal from the judgment of the court shall not operate as a stay of the judgment unless the court, on good cause, so orders.(E) Any action by the superintendent of insurance to take possession of the property and business of a credit union share guaranty corporation shall be under Chapter 3903. of the Revised Code.
Ohio Rev Code § 1761.19 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.19 | Setting Supervisory Conference.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A) If, at any time, the superintendent of credit unions or the superintendent of insurance has cause to believe that the actions or practices of a credit union share guaranty corporation or its officers, directors, or employees may cause harm to the corporation, its members, or creditors, the superintendent may set a supervisory conference. The superintendent shall inform each director of the corporation of the date, time, and place of the supervisory conference. The directors of the corporation shall attend supervisory conferences set by the superintendent. Unless a director has a reasonable excuse for his refusal or failure to attend a supervisory conference, such refusal or failure shall be grounds for removal. Such removal shall be in accordance with procedures applicable to the removal of a director of a credit union under section 1733.181 of the Revised Code.(B) At the supervisory conference, the superintendent shall inquire into the actions or practices at issue. If it appears to the superintendent that such actions or practices are likely to cause harm to the corporation, its members, or creditors, the superintendent may negotiate and conclude an agreement with the corporation, its officers, or directors as to action that is to be taken by the corporation, its officers, or directors to correct or prevent the actions or practices which are the subject of the supervisory conference. Such an agreement shall be reduced to writing as soon as possible after it is concluded, and may be modified or terminated by a subsequent agreement.(C) This section shall not be construed to mean that the superintendent cannot request a meeting with the management, board of directors, or agent of the corporation other than for the purpose of concluding a supervisory agreement.(D) When any supervisory conference is set under this section, the superintendent of credit unions and the superintendent of insurance shall provide the other with notice of the supervisory conference and shall provide an opportunity to the other to join and participate in the supervisory conference.
Ohio Rev Code § 1761.20 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.20 | Civil Penalty.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A)(1) If a credit union share guaranty corporation or a director, officer, or employee of the corporation fails to comply with any agreement concluded with the superintendent of credit unions under section 1761.19 of the Revised Code, or any final or summary cease-and-desist order issued by the superintendent under section 1761.18 of the Revised Code, the superintendent of credit unions may order the corporation, director, officer, or employee to forfeit and pay a civil penalty in an amount fixed by the superintendent.(2) If a credit union share guaranty corporation or a director, officer, or employee of the corporation fails to comply with any agreement concluded with the superintendent of insurance under section 1761.19 of the Revised Code, or any final or summary cease-and-desist order issued by the superintendent under section 1761.18 of the Revised Code, the superintendent of insurance may order the corporation, director, officer, or employee to forfeit and pay a civil penalty in an amount fixed by the superintendent.(B) The amount of the penalty under division (A) of this section shall be not more than ten thousand dollars for each day the noncompliance continues. In fixing the amount of a civil penalty, the superintendent shall consider all of the following factors:(1) The seriousness of the noncompliance and the gravity of the risk occasioned by the noncompliance;(2) The good faith efforts made by the corporation, director, officer, or employee to perform his or its obligations under or otherwise to comply with the order;(3) The history of previous violations or unsafe or unsound practices by the corporation, director, officer, or employee that resulted in the service of a notice under division (A)(1) of section 1761.18 of the Revised Code;(4) The financial resources of the corporation, director, officer, or employee against whom the penalty is being assessed;(5) Any other matters as justice may require.(C) If the corporation, director, officer, or employee fails to pay a forfeiture assessed under this section, the superintendent shall bring a civil action to collect the forfeiture.(D) A director, officer, or employee is personally liable for the payment of any civil penalty that is assessed against him under this section. No corporation shall pay, or cause to be paid, on behalf of the director, officer, or employee, or indemnify or otherwise reimburse the director, officer, or employee for paying, any civil penalty that has been assessed against that director, officer, or employee.
Ohio Rev Code § 1761.21 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.21 | Information to Be Kept Confidential.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A) All conferences and administrative proceedings under sections 1761.18 and 1761.19 of the Revised Code, the fact of their actual or anticipated occurrence, and all notices, agreements, hearings, orders, records, evidence, transcripts, and other writings, happenings, or things pertaining to those conferences or proceedings shall be kept confidential as among the superintendent of insurance, the superintendent of credit unions, the director of commerce, the deputy director of financial institutions, the governor, a credit union share guaranty corporation or a director, officer, or employee of the corporation who is party to the conference or proceedings, witnesses in the conference or proceedings, and other persons specifically designated by the superintendent of credit unions for those conferences and proceedings set by him or the superintendent of insurance for those conferences and proceedings set by him. In designating specific persons who may be present or acquire knowledge of matters made confidential by this division, the superintendent shall not exclude attorneys or other suitable representatives of the corporation, director, officer, or employee who is party to the conference or proceedings. If the conference or proceedings apply to a director, officer, or employee, the superintendent shall not exclude suitable representatives of the credit union of which such regulated individual is an officer, director, or employee.(B) Division (A) of this section ceases to apply upon the occurrence of any of the following:(1) An action is brought to recover a forfeiture for the violation of an agreement concluded, or a final or summary cease-and-desist order issued, under section 1761.18 or 1761.19 of the Revised Code. A forfeiture, in the absence of such an action for recovery, does not waive division (A) of this section except insofar as the forfeiture must be reflected or reported in the financial records or reports of the credit union or regulated individual.(2) Information made confidential by division (A) of this section is needed as evidence in a criminal proceeding or in the work of a committee of the general assembly;(3) The superintendent of credit unions or the superintendent of insurance furnishes information made confidential by division (A) of this section to the applicable insurer recognized under section 1733.041 of the Revised Code.(C) No officer or employee of the division of credit unions, of the department of commerce or any of its other divisions, or of the governor's office shall violate division (A) of this section.
Ohio Rev Code § 1761.23 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.23 | License Revocation.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A) The superintendent of insurance may revoke the license of any credit union share guaranty corporation that fails to comply with a final cease-and-desist order issued under section 1761.18 of the Revised Code or for any violation of this chapter or the insurance laws of this state.(B) No license shall be revoked under this section or any other section of this chapter or the insurance laws of this state until after a hearing has been held in accordance with Chapter 119. of the Revised Code.
Ohio Rev Code § 1761.24 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.24 | State Not Liable for Deficiency.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|Nothing in this chapter creates any liability upon this state for the payment of any funds to any participating credit union by reason of the acts or omissions of the credit union share guaranty corporation, nor shall the state pay any deficiency of any participating credit union in the event the corporation is unable to pay such deficiency.
Ohio Rev Code § 1761.26 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.26 | Criminal Records Check to Be Requested by Superintendent.

Effective: January 1, 2013|Latest Legislation:  House Bill 487 - 129th General Assembly|Whenever the approval of the superintendent of credit unions is required under this chapter, or under an order or supervisory action issued or taken under this chapter, for a person to serve as an organizer, incorporator, director, or executive officer of a credit union share guaranty corporation, or to otherwise participate in the management of such a corporation, the superintendent shall request the superintendent of the bureau of criminal identification and investigation, or a vendor approved by the bureau, to conduct a criminal records check based on the person's fingerprints in accordance with section 109.572 of the Revised Code. The superintendent of credit unions shall request that criminal record information from the federal bureau of investigation be obtained as part of the criminal records check. Any fee required under division (C)(3) of section 109.572 of the Revised Code shall be paid by the person who is the subject of the request.
Ohio Rev Code § 1761.99 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.99 | Penalty.

Effective: September 14, 1988|Latest Legislation:  House Bill 796 - 117th General Assembly|(A) Whoever violates section 1761.05 or division (G) of section 1761.08 of the Revised Code is guilty of a misdemeanor of the first degree.(B) Whoever violates division (C) of section 1761.21 of the Revised Code is guilty of a misdemeanor of the first degree. A person who is convicted of violating such division is also subject to disciplinary action, including dismissal or removal from office.
Ohio Rev Code § 1775.66 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1775 | Uniform Partnership Law|Section 1775.66 | Application of Chapter.

Effective: August 6, 2008|Latest Legislation:  House Bill 332 - 127th General Assembly|(A) This chapter does not govern any partnership on and after the first day of January, 2010.  (B) This chapter does not govern any partnership that is formed on or after the first day of January, 2009. Chapter 1776. of the Revised Code governs any partnership formed on or after that date. (C) This chapter does not govern any partnership that elects to be governed by Chapter 1776. of the Revised Code pursuant to procedures in division (C) of section 1776.95 of the Revised Code, on and after the date the partnership elects to be governed by that chapter.
Ohio Rev Code § 1776.02 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1776 | Ohio Uniform Partnership Act|Section 1776.02 | Knowledge or Notice.

Effective: August 6, 2008|Latest Legislation:  House Bill 332 - 127th General Assembly|(A) A person knows a fact if the person has actual knowledge of the fact. (B) A person has notice of a fact if the person knows of it, has received a notification of the fact, or has reason to know the fact exists from all of the facts known to the person at the time in question.(C) A person notifies or gives notification to another person by taking steps reasonably required to inform the other person in ordinary course, whether or not the other person learns of that notification.(D) A person receives a notification when the notification comes to the person's attention or is delivered at the person's place of business or at any other place the person holds out as a place for receiving communications.(E)(1) Except as otherwise provided in division (F) of this section, a person other than an individual knows, has notice, or receives a notification of a fact for purposes of a particular transaction when the individual conducting the transaction knows, has notice, or receives a notification of the fact, or in any event, when the fact would have been brought to the individual's attention if the person had exercised reasonable diligence.(2) A person exercises reasonable diligence if the person maintains reasonable routines for communicating significant information to the individual conducting the transaction and there is reasonable compliance with the routines. Reasonable diligence does not require an individual acting for the person to communicate information unless the communication is part of the individual's regular duties or the individual has reason to know of the transaction and that the transaction would be materially affected by the information.(F) A partner's knowledge, notice, or receipt of a notification of a fact relating to the partnership is effective immediately as knowledge by, notice to, or receipt of a notification by the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.