Ohio § 1707.057
Full text of Ohio Ohio Revised Code § 1707.057, with citation guidance and answers to common questions.
§ 1707.057.
(A) Each portal operator shall maintain and preserve, for a period of at least five years
from either the date of the closing or date of the termination of the securities offering,
all of the following: (1) The name of each issuer whose securities have been listed on its OhioInvests portal
and the full name, residential address, social security number, date of birth, and
copy of a state-issued identification of all owners with greater than ten per cent
voting equity in the issuer; (2) Copies of all offering materials that have been displayed on its OhioInvests portal; (3) The names and other personal information of each purchaser who has registered at
its OhioInvests portal; (4) Any agreements and contracts between the portal operator and an issuer; (5) Any information used to establish that a prospective purchaser or purchaser of securities
through its OhioInvests portal is a resident of this state and that an issuer whose
securities are listed on the portal has its principal office in this state; (6) Any other records the division requires by rule to be maintained and preserved. (B)(1) The records described in division (A) of this section shall be maintained and preserved
in a manner, including by any electronic storage media, that does all of the following: (a) Permits the immediate location of any particular document; (b) Retains the documents exclusively in a nonrewriteable, nonerasable format; (c) Verifies automatically the quality and accuracy of the storage recording process; (d) Serializes the originals; (e) Allows indexes and records preserved to be downloaded to an acceptable medium. (2) If the records retention system commingles records required to be retained under
this section with other records, the division of securities may review all of the
commingled records. (C) Notwithstanding divisions (A) and (B) of this section, the failure of a portal operator
that is not the issuer to comply with those divisions does not affect the OhioInvests
issuers' exemption from registration under section 1707.051 of the Revised Code .
Frequently Asked Questions About Ohio § 1707.057
What does Ohio Revised Code § 1707.057 cover?
Section 1707.057 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 § 1707.057?
A common citation format is "Ohio Revised Code § 1707.057" (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 § 1707.057 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.