In the case there exists any business or familial relationship between a governing authority of a community school or any of its officers or employees and a management company contracted by the school or any of that company's officers or employees, other than the operator agreement itself, the management company shall agree to indemnify the school for financial losses to the community school up to the amount of the moneys received by the management company.
Ohio Rev. Code Ann. § 3314.043
Indemnification from management companies for losses due to conflict of interest
Effective: November 2, 2018; Latest Legislation: Senate Bill 216 - 132nd General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.