Ohio § 501.07
Full text of Ohio Ohio Revised Code § 501.07, with citation guidance and answers to common questions.
§ 501.07.
Lands described in division (A) of section 501.06 of the Revised Code shall continue to be leased under the terms granted until such time as the lease
may expire. At the time of expiration, subject to section 501.04 of the Revised Code , the land may be leased again by the board of education of the school district for
whose benefit the land has been allocated or be offered for sale by public auction
or by the receipt of sealed bids with the sale awarded by the school board to the
highest bidder. Prior to the offering of these lands for sale, the school board shall have an appraisal
made of these lands by at least two disinterested appraisers. Notification of the sale of these lands, including the minerals in or on these or
other lands, shall be advertised once a week for two consecutive weeks using at least
one of the following methods: (A) In the print or digital edition of a newspaper of general circulation in the county
in which the land is located; (B) On the official public notice web site established under section 125.182 of the Revised Code ; (C) On the web site and social media account of the township. No bids shall be accepted for less than the appraised value of the land.
Frequently Asked Questions About Ohio § 501.07
What does Ohio Revised Code § 501.07 cover?
Section 501.07 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 § 501.07?
A common citation format is "Ohio Revised Code § 501.07" (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 § 501.07 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.