Ohio § 1555.04
Full text of Ohio Ohio Revised Code § 1555.04, with citation guidance and answers to common questions.
§ 1555.04.
(A) With respect to coal research and development projects financed wholly or partially
from a loan or loan guarantee under this chapter, the director of the Ohio coal development
office, in addition to other powers under this chapter, with the advice of the technical
advisory committee created in section 1551.35 of the Revised Code and the approval of the director of development, may enter into loan agreements,
accept notes and other forms of obligation to evidence such indebtedness and mortgages,
liens, pledges, assignments, or other security interests to secure such indebtedness,
which may be prior or subordinate to or on a parity with other indebtedness, obligations,
mortgages, pledges, assignments, other security interests, or liens or encumbrances,
and take such actions as the director of the office considers appropriate to protect
such security and safeguard against losses, including, without limitation, foreclosure
and the bidding upon and purchase of property upon foreclosure or other sale. (B) The authority granted by this section is cumulative and supplementary to all other
authority granted in this chapter. The authority granted by this section does not alter or impair any similar authority
granted elsewhere in this chapter with respect to other projects.
Frequently Asked Questions About Ohio § 1555.04
What does Ohio Revised Code § 1555.04 cover?
Section 1555.04 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 § 1555.04?
A common citation format is "Ohio Revised Code § 1555.04" (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 § 1555.04 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.