reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1715.38 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.38 | Subsequent Consolidations With United Corporation.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|After the creation of a united corporation under sections 1715.32 to 1715.37, inclusive, of the Revised Code, any one or more organizations of like character may unite with and become a part of such corporation in accordance with such sections.
Ohio Rev Code § 1715.39 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.39 | Sale or Encumbrance of Real Estate by a Religious or Charitable Organization.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|When a charitable or religious society or association desires to sell, lease, exchange, or encumber by mortgage or otherwise any real estate owned by it, held in trust by it for a specified religious or charitable purpose, or held for its use or benefit by trustees chosen by it or otherwise constituted, for any such purpose, except grounds used as burial places for the dead, then the trustees, wardens, and vestry, or other officers entrusted with the management of the affairs of such society or association or holding the title to such property, or such society or association itself if it is incorporated in this state, may file, in the court of common pleas of the county in which the real estate is situated, a petition stating how and by whom the title to such real estate is held, the desire of such society or association to make the sale, lease, exchange, or encumbrance, and the object thereof. If upon the hearing of the case it appears that such sale, exchange, lease, or encumbrance is desired by the members of the society or association and that it is proper that authority should be given to accomplish it, the court may authorize the trustees or other officers of the society or association, or, if it is incorporated, the society or association itself, to sell, lease, exchange, or encumber such real estate in accordance with the prayer of the petition and upon such terms as the court deems reasonable.In case the title to the property is held for the use or benefit of such society or association by trustees, all or a majority of whom are not chosen by such society or association, and who refuse upon request of such society or association, or of its trustees, wardens, and vestry or other officers, to file such petition, then, upon the petition of the society or association or of its trustees or other officers, such court may require the trustees holding the title to lease, convey, or encumber the real estate in accordance with the prayer of the petition and upon terms it deems reasonable. All trustees holding title and refusing to file or join in the petition must be made defendants therein and must be served with summons as in a civil action.The petitioner shall cause notice of the pendency and prayer of the petition to be published, in some newspaper of general circulation in the county where the real estate proposed to be sold, leased, exchanged, or encumbered is situated, for four consecutive weeks before the application is heard.
Ohio Rev Code § 1715.40 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.40 | Conveyance of Property to Allied Organizations.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|The board of trustees of a church organization or of a religious or charitable society or association, or such organization or religious or charitable society or association itself if incorporated, and all persons holding title to property in trust for it, may, upon a two-thirds vote of the members of the organization present and voting at a meeting called and held for that purpose, lease, transfer, convey, or encumber such property to other boards of trustees of the same denomination, or to the board of trustees of such organization, society, or association itself if incorporated in this state; but such lease, transfer, conveyance, or encumbrance shall be made only when the property transferred, leased, or encumbered, the proceeds thereof, or the revenue arising from the use thereof is still to be used for the religious, missionary, church, or specified charitable purposes for which such property is held at the time of such lease, transfer, conveyance, or encumbrance.
Ohio Rev Code § 1715.41 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.41 | Confirmation by Court.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|The trustees or other officers of a charitable or religious society or association who are authorized to make a sale, lease, exchange, or encumbrance in accordance with sections 1715.39 to 1715.41, inclusive, of the Revised Code, shall make return thereof to the court of common pleas ordering it, at such time as such court orders. Thereupon, if satisfied that the sale, lease, exchange, or encumbrance was made according to its order, the court shall approve it and order that the proceeds be invested in other real estate for the use of such society or association and used in payments of its debts or otherwise invested or disposed of according to the prayer of the petition.
Ohio Rev Code § 1715.411 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.411 | Validity and Effect of Deeds and Mortgages.

Effective: August 15, 1972|Latest Legislation:  Senate Bill 75 - 109th General Assembly|When the trustees or other officers mentioned in sections 1715.37 to 1715.41, inclusive, of the Revised Code, have sold and conveyed by deed in fee simple or mortgaged any real estate therein mentioned, without proceeding as required by those sections, and the deed of conveyance or mortgage has been of record for five years without legal action to set aside said deed or mortgage, such sale and conveyance or mortgage shall have the same validity and effect as if it had been made by proceedings as required by those sections. This section is effective as to both past and future transactions.
Ohio Rev Code § 1715.42 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.42 | Secret Benevolent Societies.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|A secret benevolent association or society incorporated in this state may accept and receive any donation or voluntary contribution; collect its assessments, which shall not exceed one fifth of one per cent of the amount payable at the death of a member; and pay endowments in the mode and to the persons named and provided by its laws, but in no case shall such payments exceed, in the aggregate, five thousand dollars on the death of any one member.Such an association or society may sue or be sued in any court in this state.If such an association or society holds reserve or accumulated funds for the endowment of the widows, orphans, families, blood relatives, or heirs of its members, or for purely charitable purposes, it may invest such funds upon interest, but must take security for such investment, upon real or personal property or otherwise, as the society or association deems fit.The association or society may elect a board of trustees, consisting of not less than three members, and entrust to such board the right to manage, control, invest, collect, demand, receive, and deposit all reserves or surplus or accumulated funds which the association or society holds for the purpose of making such endowments. The association or society may define in its bylaws the term of office of each of such trustees, define the duties and powers of each trustee and of the board of trustees, remove any trustee for good cause, and fill all vacancies occurring in the board. It also shall demand from each of the trustees such security for the faithful performance of his duties as it deems fit, and cause investments to be made by the board in the names of any of them, in which names suit may be brought. It may empower the board to discharge and release all claims or demands of the association or society upon payment thereof. The board may sue for a claim based upon a loan or investment made by the association or society; and upon foreclosure of a mortgage held by the association or society to secure a loan or investment made by it, may purchase and hold any land, tenement, or interest in land, in fee or otherwise, and lease, rent, sell, and convey it by deed.
Ohio Rev Code § 1715.43 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.43 | Real Estate Held by Lodge.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Any unincorporated lodge or other subordinate body of any society or order, which is chartered by its grand lodge or body, may take and hold real estate for its own use and benefit, by lease, purchase, grant, devise, gift, or otherwise; may loan its funds and secure such loans, or any unpaid purchase money, by mortgage on otherwise unencumbered real estate; and may borrow money, and execute and deliver notes or bonds, and mortgages on real property of the lodge to secure such notes or bonds, in the name and by the number of said lodge or other subordinate body according to the register of its grand lodge or body.The presiding officer of such lodge or other such lodge or other subordinate body, together with the secretary or officer keeping its records, may make conveyances, leases, or mortgages of any real estate belonging to such lodge or other subordinate body, when authorized to do so by a vote of the members present at a regular meeting held by said lodge or other subordinate body, after at least ten days' notice has been given to all members thereof by mailing a written notice of said proposed action to the last known post-office address of each such member, under the regulations of such lodge or other subordinate body, and not in conflict with the regulations prescribed by the respective grand lodge or body.All such conveyances, leases, or mortgages shall be in the name of the lodge, shall be attested by the presiding officer and the secretary or other officer in charge of its records, and shall have affixed the seal of such lodge or other subordinate body. Any mortgage taken by such a lodge or other subordinate body in its name and number may, when paid and satisfied, be released by the presiding officer and the secretary or officer keeping its records, and such release shall be attested by the seal of the lodge or other subordinate body.
Ohio Rev Code § 1715.51 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.51 | Uniform Management of Institutional Funds Definitions.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|As used in sections 1715.51 to 1715.59 of the Revised Code: (A) "Charitable purpose" means any purpose the achievement of which is beneficial to the community, including the relief of poverty, the advancement of education or religion, the promotion of health, and the promotion of a governmental purpose.(B) "Institution" means any of the following:(1) A person, other than an individual, organized and operated exclusively for charitable purposes;(2) A governmental organization to the extent that it holds funds exclusively for a charitable purpose;(3) A trust that had both charitable and noncharitable interests and the noncharitable interests have terminated.(C) "Institutional fund" means a fund that is held by an institution exclusively for charitable purposes. "Institutional fund" does not include any of the following:(1) Programrelated assets; (2) A fund held for an institution by a trustee that is not an institution;(3) A fund in which a beneficiary that is not an institution has an interest other than an interest that may arise upon a violation of or the failure of the purposes of the fund.(D) "Endowment fund" means an institutional fund or any part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. "Endowment fund" does not include assets that an institution designates as an endowment fund for its own use.(E) "Gift instrument" means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.(F) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, governmental organization, or any other legal or commercial entity.(G) "Programrelated asset" means an asset held by an institution primarily to accomplish a charitable purpose of the institution and not primarily for investment. (H) "Record" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
Ohio Rev Code § 1715.53 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.53 | Appropriations From Net Appreciation.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|(A) Subject to the intent of a donor expressed in the gift instrument and to division (D) of this section, an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which an endowment fund is established. Unless stated otherwise in the gift instrument, the assets in an endowment fund are donor-restricted assets until appropriated for expenditure by the institution. In making a determination to appropriate or accumulate, the institution shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, and shall consider, if relevant, the following factors: (1) The duration and preservation of the endowment fund;(2) The purposes of the institution and the endowment fund;(3) General economic conditions;(4) The possible effect of inflation or deflation;(5) The expected total return from income and the appreciation of investments;(6) Other resources of the institution;(7) The investment policy of the institution.(B) To limit the authority to appropriate for expenditure or accumulate under division (A) of this section, a gift instrument shall specifically state the limitation.(C) Terms in a gift instrument designating a gift as an endowment, or a direction or authorization in the gift instrument to use only "income," "interest," "dividends," or "rents, issues, or profits" or "to preserve the principal intact," or words of similar import, create an endowment fund of permanent duration, unless other language in the gift instrument limits the duration or purpose of the fund, and do not otherwise limit the authority under division (A) of this section to appropriate for expenditure or accumulate.(D)(1) The appropriation for expenditure in any year of an amount not greater than five per cent of the fair market value of an endowment fund, whether or not the total expenditure from it exceeds five per cent, calculated on the basis of market values that are determined at least quarterly and averaged over a period of not less than three years immediately preceding the year in which the appropriation for expenditure was made, creates an irrebuttable presumption of prudence. With respect to an endowment fund in existence for fewer than three years, the fair market value of the endowment fund shall be calculated for the period the endowment fund has been in existence.(2) Nothing in division (D)(1) of this section shall be construed to restrict an appropriation for expenditure permitted by the gift instrument or to create a presumption of imprudence or prudence for that part, if any, of an appropriation for expenditure that exceeds five per cent of the fair market value of the endowment fund.
Ohio Rev Code § 1715.54 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.54 | Delegation of Authority.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|(A)(1) Subject to any specific limitation set forth in a gift instrument or in any other provision of law, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An institution shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, in doing all of the following: (a) Selecting an agent;(b) Establishing the scope and terms of the delegation, consistent with the purposes of the institution and the institutional fund;(c) Periodically reviewing the agent's actions to monitor the agent's performance and compliance with the scope and terms of the delegation.(2) An agent, in performing a delegated function, shall owe a duty to the institution to exercise reasonable care to comply with the scope and terms of the delegation. By accepting delegation of a management or investment function from an institution that is subject to the laws of this state, an agent submits to the jurisdiction of the courts of this state in all proceedings arising from or related to the delegation or the performance of the delegated function.(3) An institution that complies with division (A)(1) of this section is not liable for the decisions or actions of an agent to which the function was delegated.(B) An institution may delegate management and investment functions to its committees, officers, or employees as otherwise provided by law.
Ohio Rev Code § 1715.56 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.56 | Determination of Compliance With Rc 1715.51 Et Seq.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|Compliance with sections 1715.51 to 1715.59 of the Revised Code shall be determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight.
Ohio Rev Code § 1715.57 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.57 | Construction of Rc 1715.51 Et Seq.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|(A) Sections 1715.51 to 1715.59 of the Revised Code shall be construed as modifying, limiting, and superseding the "Electronic Signatures in Global and National Commerce Act," 114 Stat. 464, 15 U.S.C. 7001 et seq., with the exception of section 101 of that act, 15 U.S.C. 7001(a). (B) Sections 1715.51 to 1715.59 of the Revised Code shall not be construed as authorizing electronic delivery of any of the orders, notices, or documents described in section 103 of that act, 15 U.S.C. 7003(b).
Ohio Rev Code § 1715.58 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.58 | Enacting Uniform Management of Institutional Funds Act.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|In so far as is possible on and after June 1, 2009, sections 1715.51 to 1715.59 of the Revised Code shall be applied and construed to effectuate the general purpose to make uniform the law with respect to the subject of those sections among the states that enact the uniform prudent management of institutional funds act.
Ohio Rev Code § 1715.59 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1715 | Religious and Benevolent Organizations|Section 1715.59 | Sections Cited as the Uniform Management of Institutional Funds Act.

Effective: June 1, 2009|Latest Legislation:  House Bill 522 - 127th General Assembly|Sections 1715.51 to 1715.59 of the Revised Code may be cited as the uniform prudent management of institutional funds act.
Ohio Rev Code § 1716.03 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1716 | Charitable Organizations|Section 1716.03 | Organizations Not Required to File Registration Statement.

Effective: April 10, 2001|Latest Legislation:  Senate Bill 333 - 123rd General Assembly|The following shall not be required to file a registration statement as provided in section 1716.02 of the Revised Code:(A) Any religious agencies and organizations, and charities, agencies, and organizations operated, supervised, or controlled by a religious organization;(B) Any charitable organization that meets all of the following requirements:(1) It has been in continuous existence in this state for a period of at least two years;(2) It has received from the internal revenue service a determination letter that is currently in effect, stating that the charitable organization is exempt from federal income taxation under subsection 501(a) and described in subsection 501(c)(3) of the Internal Revenue Code;(3) It has registered with the attorney general as a charitable trust pursuant to section 109.26 of the Revised Code;(4) It has filed an annual report with and paid the required fee to the attorney general pursuant to section 109.31 of the Revised Code.(C) Any educational institution, when solicitation of contributions is confined to alumni, faculty, trustees, or the student membership and their families;(D) Every person other than an individual, when solicitation of contributions for a charitable purpose or on behalf of a charitable organization is confined to its existing membership, present or former employees, or present or former trustees;(E) Any public primary or secondary school, when solicitation of contributions is confined to alumni, faculty, or the general population of the local school district;(F) Any booster club that is organized and operated in conjunction with and for the benefit of students of public primary or secondary schools;(G) Any charitable organization that does not receive gross revenue, excluding grants or awards from the government or an organization that is exempt from federal income taxation under section 501(a) and described in section 501(c)(3) of the Internal Revenue Code, in excess of twenty-five thousand dollars during its immediately preceding fiscal year, if the organization does not compensate any person primarily to solicit contributions.If the gross revenue, excluding grants or awards from the government or an organization that is exempt from federal income taxation under section 501(a) and described in section 501(c)(3) of the Internal Revenue Code, of any charitable organization received during any fiscal year exceeds twenty-five thousand dollars, the charitable organization, within thirty days after the receipt of the revenue, shall file a registration statement with the attorney general pursuant to section 1716.02 of the Revised Code.