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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

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Section 1745.44 | Sale or other disposition of assets.

...r cent of the fair market value of the net tangible and intangible assets, including goodwill, of the association over a period of thirty-six consecutive months in a transaction or series of transactions, including the lease, sale, exchange, transfer, or other disposition of those assets, that are outside the ordinary course of its business or that are not in accordance with the purpose or purposes for which t...

Section 1745.46 | Merger or consolidation into domestic unincorporated nonprofit association.

...reater of the fair market value of the net tangible and intangible assets, including goodwill, of the public benefit association or the fair market value of the public benefit association if it is to be operated as a business concern, are transferred or conveyed to one or more persons that would have received its assets under division (D)(2) of section 1745.52 of the Revised Code had it voluntarily dissolved. ...

Section 1753.33 | Company action level event.

...tory balance sheets, operating income, net income, capital, surplus, and RBC levels. Projections for both new and renewal business may include separate projections for each major line of business, and may separately identify each significant income, expense, and benefit component of the projection. (4) Identify the key assumptions impacting the health insuring corporation's projections made pursuant to divisio...

Section 1761.01 | Credit union guaranty corporation definitions.

...apital contribution, and other credits, net of any charges to that participating credit union. "Account" is an "advancement" as that term is used in section 3901.72 of the Revised Code, and is subject to the requirements of that section. (B) "Capital contribution" means the amount each participating credit union is required to maintain as a capital deposit in the credit union share guaranty corporation. "Capital co...

Section 1776.49 | Transfer of partner's transferable interest.

...s, in accordance with the transfer, the net amount otherwise distributable to the transferor; (3) To seek under division (F) of section 1776.61 of the Revised Code, a determination by a tribunal that it is equitable to wind up the partnership business. (C) In a dissolution and winding up, a transferee is entitled to an account of partnership transactions only from the date of the latest account to which all ...

Section 1776.67 | Settlement of accounts and contributions among partners.

...us shall be applied to pay in cash the net amount distributable to partners in accordance with their right to distributions under division (B) of this section. (B) Each partner is entitled to a settlement of all partnership accounts upon winding up the partnership business. In settling accounts among the partners, profits and losses that result from the liquidation of the partnership assets shall be credite...

Section 1783.12 | Distribution of property on dissolution.

... wind up the concern and distribute the net assets thereof among the members under the direction of the court of common pleas of the proper county.

Section 184.19 | Third frontier research and development fund.

...treasury. The fund shall consist of the net proceeds of the obligations issued and sold by the issuing authority pursuant to sections 151.01 and 151.10 of the Revised Code. Investment earnings of the fund shall be credited to the fund. Moneys in the fund shall be used in accordance with sections 184.10 to 184.18 and 184.20 of the Revised Code and for associated administrative expenses.

Section 184.191 | Third frontier research and development taxable bond fund.

...treasury. The fund shall consist of the net proceeds of federally taxable obligations issued and sold by the issuing authority pursuant to sections 151.01 and 151.10 of the Revised Code. Investment earnings of the fund shall be credited to the fund. Moneys in the fund shall be used in accordance with sections 184.10 to 184.18 and 184.20 of the Revised Code and for associated administrative expenses.

Section 1923.061 | Defenses - counterclaims.

...rial and judgment, the party to whom a net judgment is owed shall be paid first from the money paid into court, and any balance shall be satisfied as any other judgment. If no rent remains due after application of this division, judgment shall be entered for the tenant or resident in the action for possession. If the tenant or resident has paid into court an amount greater than that necessary to satisfy a judgm...

Section 2105.09 | Disposition of escheated lands.

...municipal purposes; provided, that the net proceeds from the rent or sale of the premises shall be devoted to health, welfare, or recreational purposes. (C) As an alternative to the procedure prescribed in divisions (A) and (B) of this section, the county auditor, or if the real property is located within the incorporated area of a city, the legislative authority of that city by an affirmative vote of at least...

Section 2107.501 | Ademption - exemptions.

...cuniary devise or bequest equal to the net proceeds of sale, the condemnation award, or the insurance proceeds, and that devise or bequest shall be treated as property subject to section 2107.54 of the Revised Code. This section does not apply if subsequent to the sale, condemnation, fire, or casualty, it is adjudicated that the disability of the testator has ceased and the testator survives the adjudication b...

Section 2109.09 | Bond conditions - executor.

...the executor is entitled to the entire net proceeds of the estate. (B) The bond otherwise required of an executor by section 2109.04 of the Revised Code shall be conditioned as follows: (1) To file with the probate court within the time required by section 2115.02 of the Revised Code an inventory of all the tangible and intangible personal property of the testator that is to be administered and that comes to ...

Section 2109.14 | Deposit of works of art in museum authorized - reduction of bond.

...ted except with a corporation having a net worth of at least ten times the value of the works to be deposited. The deposit shall be made in the name of the fiduciary, and the property deposited shall not be withdrawn from the custody of the depository or otherwise deposited except upon the special order of the court. The probate judge may impose any conditions relative to insurance and the care and protection o...

Section 2109.371 | Additional eligible investments.

...tatements to the trust fund, report the net asset value of the shares comprising the investment of the trust funds in the affiliated investment company. (c) If a fiduciary making an investment of trust funds in securities of an affiliated investment company pursuant to division (A)(2) of this section invests those funds in any mutual fund, the fiduciary shall disclose, in at least ten-point boldface type, by p...

Section 2109.372 | Holding cash or making temporary investments.

...expenses of administration within the ninety-day period following the receipt of the cash by the fiduciary. (2) Determined on the basis of the facilities available to the fiduciary and the amount of the income that reasonably could be earned by the investment of the cash, the amount of the cash does not justify the administrative burden or expense associated with its investment. (C) If a fiduciary wishes to hol...

Section 2111.18 | Claim for injury to ward or damage to property - settlement.

...roposed that a claim be settled for the net amount of twenty-five thousand dollars or less after payment of fees and expenses as allowed by the court, the court, upon application by any suitable person whom the court may authorize to receive and receipt for the settlement, may authorize the settlement without the appointment of a guardian and authorize the delivery of the moneys as provided in section 2111.05 of the ...

Section 2111.27 | Petition.

...ed; (F) The income of the ward and the net annual value to the ward of the real property proposed to be leased; (G) A description of the real property proposed to be leased and the probable amount for which the real property can be leased; (H) A detailed statement of the improvements proposed to be made to the real property sought to be leased; (I) The reasons for the proposed lease and the terms, covenants, ...

Section 2121.05 | Proceedings for probating will.

...the presumed decedent that exceeds any net cash surrender value of the policies on the date of the decree is within the definition of the term "assets of the presumed decedent that were created by the decree of presumed death." (D) The bond shall provide that, if within the three-year period after the decree is entered by the court it is established that the presumed decedent is alive, the person or entity sha...

Section 2121.08 | Administering estate when decree vacated.

... the person entitled to them. (E) Any net cash surrender value on any policies of life insurance on the life of a person erroneously presumed to be dead are subject to the set off provision in division (C) of this section. The person erroneously presumed to be dead, or persons claiming under the person erroneously presumed to be dead, may recover whatever remains of cash values from the person to whom paid. T...

Section 2151.78 | County withdrawing from district.

...de does not apply to this section. The net proceeds of any such sale or lease shall be paid into the treasury of the withdrawing county. Any county withdrawing from such district or from a combined district organized under sections 2152.41 and 2151.65 of the Revised Code shall continue to have levied against its tax duplicate any tax levied by the district during the period in which the county was a member of the d...

Section 2152.41 | Detention facilities.

...de does not apply to this division. The net proceeds of any sale or lease under this division shall be paid into the treasury of the withdrawing county. The members of the board of trustees of a district detention facility who are residents of a county withdrawing from the district are deemed to have resigned their positions upon the completion of the withdrawal procedure provided by this division. The vacancies the...

Section 2323.58 | Transfer of structural settlement payment rights definitions.

... under the structured settlement. (H) "Net advance amount" means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under division (E) of section 2323.582 of the Revised Code. (I) "Payee" means an individual who is receiving periodic payments under a structured settlement that are excludable from the individual's gross income under federal incom...

Section 2329.66 | Exempted interests and rights.

...d payable, money to become due within ninety days, tax refunds, and money on deposit with a bank, savings and loan association, credit union, public utility, landlord, or other person, other than personal earnings. (4)(a) The person's interest, not to exceed five hundred twenty-five dollars in any particular item or ten thousand seven hundred seventy-five dollars in aggregate value, in household furnishings, househo...

Section 2337.07 | Judgments and awards on foreign-money claims - times of money conversion - form of judgment.

... and the adverse party's claim, must be netted by converting the money of the smaller into the money of the larger, and by subtracting the smaller from the larger, and specify the rates of exchange used. (F) A judgment substantially in the following form complies with division (A) of this section: "It is adjudged and ordered, that Defendant _______________ pay to Plaintiff __________ the sum of __________ (amount i...