Ohio § 1707.39
Full text of Ohio Ohio Revised Code § 1707.39, with citation guidance and answers to common questions.
§ 1707.39.
When any securities have been sold without compliance with sections 1707.01 to 1707.50 of the Revised Code , or any former law in force at the time of such sale, any interested person may apply
in writing to the division of securities for the qualification of such securities
under such sections. If it appears to the division that no person has been defrauded, prejudiced, or
damaged by such noncompliance or sale and that no person will be defrauded, prejudiced,
or damaged by such qualification, the division may permit such securities to be so
qualified upon the payment of a fee of one hundred dollars plus a fee of one-fifth
of one per cent of the aggregate price at which the securities have been sold in this
state, which fee shall in no case be less than one hundred dollars nor more than two
thousand dollars. In addition, the division may require the applicant to advance sufficient funds
to pay the actual expenses of an examination or investigation by the division, whether
to be conducted in this state or outside this state. An itemized statement of such expenses shall be furnished to the applicant. Such qualification shall estop the division from proceeding under division (D) of section 1707.23 of the Revised Code against anyone who has violated division (C)(1) of section 1707.44 of the Revised Code for acts within the scope of the application, or from proceeding with administrative
action pursuant to section 1707.13 of the Revised Code .
Frequently Asked Questions About Ohio § 1707.39
What does Ohio Revised Code § 1707.39 cover?
Section 1707.39 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 § 1707.39?
A common citation format is "Ohio Revised Code § 1707.39" (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 § 1707.39 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.