Ohio § 1704.04
Full text of Ohio Ohio Revised Code § 1704.04, with citation guidance and answers to common questions.
§ 1704.04.
(A) For purposes of this chapter, the fair market value on the date in question of shares
shall be determined as follows: (1) If that class or series of shares is listed on a United States securities exchange
registered under the Exchange Act, the fair market value shall be the simple arithmetic
average closing sale price during the thirty calendar days immediately before the
date in question of a share of that class or series on the principal such exchange
on which that class or series is listed; (2) If that class or series of shares is not listed on an exchange described in division
(A)(1) of this section, the fair market value shall be the simple arithmetic average
closing bid quotation during the thirty calendar days immediately before the date
in question for a share of that class or series on the national association of securities
dealers automated quotation system or any similar system then in use; (3) If no quotations described in division (A)(1) or (2) of this section are available,
the fair market value shall be determined in good faith by the directors of the issuing
public corporation. (B) For purposes of this chapter, the fair market value on the date in question of property
other than cash or shares shall be determined in good faith by the directors of the
issuing public corporation.
Frequently Asked Questions About Ohio § 1704.04
What does Ohio Revised Code § 1704.04 cover?
Section 1704.04 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1704.04?
A common citation format is "Ohio Revised Code § 1704.04" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1704.04 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.