Ohio § 1125.25
Full text of Ohio Ohio Revised Code § 1125.25, with citation guidance and answers to common questions.
§ 1125.25.
(A) Within one hundred days after the date of the closing of a state bank, a receiver
may reject any executory contract to which the bank is a party without any further
liability on the part of the bank or the receiver. The receiver's election to reject an executory contract creates no claim for compensation
other than compensation accrued to the date of termination or for actual damages. (B) A receiver may ratify and assign any executory contract to which the bank is a party
notwithstanding the existence of a provision in the contract permitting the termination
of the executory contract, or prohibiting, conditioning, or requiring consent to any
assignment of the executory contract, upon the insolvency of the bank or the appointment
of a receiver.
Frequently Asked Questions About Ohio § 1125.25
What does Ohio Revised Code § 1125.25 cover?
Section 1125.25 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 § 1125.25?
A common citation format is "Ohio Revised Code § 1125.25" (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 § 1125.25 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.