Ohio § 1313.48
Full text of Ohio Ohio Revised Code § 1313.48, with citation guidance and answers to common questions.
§ 1313.48.
When, on settlement, a balance is shown in the hands of the assignee or trustee for
the benefit of creditors, subject to distribution among the general creditors, a dividend
shall be declared by the probate judge, payable therefrom equally among all the creditors
entitled, in proportion to the amount of their respective claims against the assignor,
including those disallowed, which the claimant has begun suit to establish as required
in section 1313.39 of the Revised Code , and claims held under advisement. Notice of the making of such dividend, and the time and place of its payment, shall
be given by advertisement once, in a newspaper published and of general circulation
in the county in which such trust is administered, and in such other way as the court
orders. A report must be made within sixty days after the date fixed of the dividends paid
and of those uncalled for and unpaid at that time. The court then shall cause a new notice to be given to the owners of unpaid dividends,
in such way as it directs. If not demanded within twelve months thereafter, such dividends must be divided
pro rata among the other creditors, until they are paid in full, and any remainder
paid to the assignor or his legal representatives.
Frequently Asked Questions About Ohio § 1313.48
What does Ohio Revised Code § 1313.48 cover?
Section 1313.48 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 § 1313.48?
A common citation format is "Ohio Revised Code § 1313.48" (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 § 1313.48 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.