Ohio § 503.01
Full text of Ohio Ohio Revised Code § 503.01, with citation guidance and answers to common questions.
§ 503.01.
Each civil township is a body politic and corporate, for the purpose of enjoying and
exercising the rights and privileges conferred upon it by law. It may sue and be sued, plead and be impleaded, and receive and hold real estate
by devise or deed, or receive and hold personal property for the benefit of the township
for any useful purpose. The board of township trustees shall hold such property in trust for the township
for the purpose specified in the devise, bequest, or deed of gift. Such board may also receive any conveyance of real estate to the township, when
necessary to secure or pay a debt or claim due such township, and may sell and convey
real estate so received. The proceeds of such sale shall be applied to the fund to which such debt or claim
belonged. The board of township trustees may acquire real property within the unincorporated
territory of the township in order to provide needed public improvements to the property
pursuant to section 5709.41 or sections 5709.73 to 5709.75 of the Revised Code . The board of township trustees may enter into contracts with municipal corporations
pursuant to section 715.70 , 715.71 , or 715.72 of the Revised Code , and with counties pursuant to division (D) of section 715.72 of the Revised Code , to create a joint economic development district. Whenever the board finds it necessary to determine the value of any real property
the township owns or proposes to acquire by purchase, lease, or otherwise, the board
may employ for reasonable compensation competent appraisers to advise it of the value
of the property or expert witnesses to testify to the value in an appropriation proceeding.
Frequently Asked Questions About Ohio § 503.01
What does Ohio Revised Code § 503.01 cover?
Section 503.01 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 § 503.01?
A common citation format is "Ohio Revised Code § 503.01" (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 § 503.01 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.