Ohio § 5812.33
Full text of Ohio Ohio Revised Code § 5812.33, with citation guidance and answers to common questions.
§ 5812.33.
(A) As used in this section, “ liquidating asset ” means an asset whose value will diminish or terminate because the asset is expected
to produce receipts for a period of limited duration. “ Liquidating asset ” includes a leasehold, patent, copyright, royalty right, and right to receive payments
during a period of more than one year under an arrangement that does not provide for
the payment of interest on the unpaid balance. “Liquidating asset” excludes a payment subject to section 5812.32 of the Revised Code , resources subject to section 5812.34 of the Revised Code , timber subject to section 5812.35 of the Revised Code , an activity subject to section 5812.37 of the Revised Code , an asset subject to section 5812.38 of the Revised Code , or any asset for which the trustee establishes a reserve for depreciation under section 5812.44 of the Revised Code . (B) A trustee shall allocate to income ten per cent of the receipts from a liquidating
asset and the balance to principal.
Frequently Asked Questions About Ohio § 5812.33
What does Ohio Revised Code § 5812.33 cover?
Section 5812.33 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 § 5812.33?
A common citation format is "Ohio Revised Code § 5812.33" (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 § 5812.33 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.