{"data":{"id":"us-oh/ohio-rev.-code-715.04","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 715.04","heading":"Compounding or release of claims due from banks.","body":"All municipal corporations may compound or release, in whole or in part, any debt, obligation, judgment, or claim, due the municipal corporation from a bank in process of liquidation or operating under a conservatorship. Where a member of the legislative authority is personally interested as a stockholder in such bank, the legislative authority of such municipal corporation shall enter upon its records a statement of the facts and the reasons for such compounding or release.","path":["Title 7 Municipal Corporations","Chapter 715 General Powers"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-715.04","current_through":"1953-10-01 (House Bill 1 - 100th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:27Z","sha256":"c90940fdb104d6ade089d2a5ab8af54f6765190414195805281a92ec40621cc2","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-715.03","next":"us-oh/ohio-rev.-code-715.05"},"notice":"GroundRules: Original legal text. Not legal advice."}