Ohio § 1322.41
Full text of Ohio Ohio Revised Code § 1322.41, with citation guidance and answers to common questions.
§ 1322.41.
(A) Except as otherwise provided in division (B) of this section, no registrant, or any
member of the immediate family of an owner of a registrant, shall own or control a
majority interest in an appraisal company. (B) Division (A) of this section shall not apply to any registrant, or any member of
the immediate family of an owner of a registrant, who, on January 1, 2010, directly
or indirectly owns or controls a majority interest in an appraisal company. However, such ownership or control is subject to the following conditions: (1) The registrant and members of the immediate family of an owner of a registrant shall
not increase their interest in the company. (2) The interest is not transferable to a member of the immediate family of an owner
of a registrant. (3) If the registrant is convicted of or pleads guilty or nolo contendere to a criminal
violation of this chapter or any criminal offense described in division (A)(1)(b) of section 1322.50 of the Revised Code , the superintendent of financial institutions may, in addition to any of the actions
authorized under section 1322.50 of the Revised Code , order the registrant or members of the immediate family of an owner of a registrant
to divest their interest in the company.
Frequently Asked Questions About Ohio § 1322.41
What does Ohio Revised Code § 1322.41 cover?
Section 1322.41 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 § 1322.41?
A common citation format is "Ohio Revised Code § 1322.41" (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 § 1322.41 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.