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TAX DEFERRED ANNUITIES CORP. v. CLEVELAND BD. OF EDN.

No. 49093.

24 Ohio App. 3d 105 (1985)

TAX DEFERRED ANNUITIES CORPORATION, APPELLANT, v. CLEVELAND BOARD OF EDUCATION, APPELLEE.

Court of Appeals of Ohio, Cuyahoga County.

Decided May 20, 1985.

Attorney(s) appearing for the Case

A.P. Leary, for appellant.

James G. Wyman, for appellee.

ANN McMANAMON, J.

Tax Deferred Annuities Corporation ("TDA"), the plaintiff-appellant, provided a tax-sheltered annuities program to employees of the Cleveland Board of Education ("the Board"), the defendant-appellee. On March 7, 1983, TDA filed a complaint alleging that the Board exceeded its statutory authority in imposing two processing fees upon TDA as well as a sixty-day waiting period before Board employees might switch insurance companies.

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