{"data":{"id":"us-oh/ohio-rev.-code-1745.40","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1745.40","heading":"Distributions prohibited; compensation and other permitted payments.","body":"(A) Except as otherwise provided in division (B) of this section, an unincorporated nonprofit association may not pay dividends or distribute any part of its income or profits to a member, manager, officer, or other private person.\n(B) An unincorporated nonprofit association may do any of the following:\n(1) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;\n(2) Confer benefits on a member or manager in conformity with its nonprofit purposes;\n(3) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles;\n(4) Make distributions of property to members upon winding up and termination to the extent permitted by section 1745.52 of the Revised Code.","path":["Title 17 Corporations-Partnerships","Chapter 1745 Uniform Unincorporated Nonprofit Association Act"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1745.40","current_through":"2012-05-22 (House Bill 267 - 129th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:30Z","sha256":"dbc2efe9ea90a8a6da4283e50a86b0521e403c4d83f6fbdb6eb80b75087c9807","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1745.39","next":"us-oh/ohio-rev.-code-1745.41"},"notice":"GroundRules: Original legal text. Not legal advice."}