Ohio § 4909.041
Full text of Ohio Ohio Revised Code § 4909.041, with citation guidance and answers to common questions.
§ 4909.041.
As used in sections 4909.041 , 4909.042 , and 4909.05 of the Revised Code : (A) A “ lease purchase agreement ” is an agreement pursuant to which a public utility leasing property is required
to make rental payments for the term of the agreement and either the utility is granted
the right to purchase the property upon the completion of the term of the agreement
and upon the payment of an additional fixed sum of money or title to the property
vests in the utility upon the making of the final rental payment. (B) A “ leaseback ” is the sale or transfer of property by a public utility to another person contemporaneously
followed by the leasing of the property to the public utility on a long-term basis.
Frequently Asked Questions About Ohio § 4909.041
What does Ohio Revised Code § 4909.041 cover?
Section 4909.041 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 § 4909.041?
A common citation format is "Ohio Revised Code § 4909.041" (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 § 4909.041 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.