Ohio § 1701.27
Full text of Ohio Ohio Revised Code § 1701.27, with citation guidance and answers to common questions.
§ 1701.27.
(A) In case a certificate for shares is lost, stolen, or destroyed, the court of common
pleas or the probate court of the county in which the principal office of the corporation
is located shall have jurisdiction to hear and determine all questions respecting
such loss, theft, or destruction, the person interested therein, the bond required
to be given to protect the corporation or any person injured by the execution and
delivery of a new certificate, the terms on which a new certificate shall be executed
and delivered, and the costs and counsel fees, if any, to be allowed to the corporation. (B) A corporation which voluntarily and in good faith executes and delivers a new certificate
in lieu of one believed to have been lost, stolen, or destroyed, or which executes
and delivers a new certificate in compliance with an order of a court of competent
jurisdiction, may recognize the person named in the new certificate, or any certificate
thereafter executed and delivered in exchange or substitution for such new certificate,
as the owner of the shares described therein for all purposes, until the owner of
the original certificate, or a transferee thereof without notice and for value, enjoins
the corporation and the holder of any new certificate, or any certificate executed
and delivered in exchange or substitution for such new certificate, from so acting. (C) Special provisions in section 1308.41 of the Revised Code relating to the replacement of lost, apparently destroyed, or wrongfully taken securities
shall govern to the exclusion of the provisions of this section on this subject, except
where it clearly appears that a special provision is cumulative, in which case it
and the provisions of this section on the same subject shall apply.
Frequently Asked Questions About Ohio § 1701.27
What does Ohio Revised Code § 1701.27 cover?
Section 1701.27 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 § 1701.27?
A common citation format is "Ohio Revised Code § 1701.27" (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 § 1701.27 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.