Ohio § 3903.74
Full text of Ohio Ohio Revised Code § 3903.74, with citation guidance and answers to common questions.
§ 3903.74.
If any company, corporation, or association required by law to make a deposit with
the superintendent of insurance, or other state officer, to secure the contracts of
such company, corporation, or association, or for any other purpose, fails to pay
any of its liabilities upon such contracts, or other obligations, according to the
terms thereof after the liability thereon has been determined, or if such company,
corporation, or association, having ceased to do business within this state, leaves
unpaid any such liability or has become insolvent, the attorney general, on behalf
of the superintendent, or such other officer, and upon the application of any person
entitled to participate in such deposit, or the proceeds arising therefrom, shall
commence a civil action in the court of common pleas of Franklin county, making the
company, corporation, or association a party defendant, to determine the rights of
all parties claiming any interest in such deposit, to subject the deposit to the payment
or satisfaction of all liabilities, and to distribute such fund among the persons
entitled thereto.
Frequently Asked Questions About Ohio § 3903.74
What does Ohio Revised Code § 3903.74 cover?
Section 3903.74 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 § 3903.74?
A common citation format is "Ohio Revised Code § 3903.74" (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 § 3903.74 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.