Ohio § 1735.03
Full text of Ohio Ohio Revised Code § 1735.03, with citation guidance and answers to common questions.
§ 1735.03.
No title guarantee and trust company shall do business until it has deposited with
the superintendent of insurance fifty thousand dollars, in securities permitted by sections 3925.05 , 3925.06 , and 3925.08 of the Revised Code . The superintendent shall hold such securities deposited with the treasurer of state
as security for the faithful performance of all guarantees entered into and all trusts
accepted by such company, but so long as it continues solvent the treasurer of state
shall permit it to collect the interest of, or dividends or distributions on, its
securities so deposited, and to withdraw any of such securities on depositing with
the treasurer of state cash or other securities of the kind specified in this section
so as to maintain the value of such deposit at fifty thousand dollars. If such a company has made such deposits with the superintendent of insurance, it
may request the treasurer of state to return to it securities held by the treasurer
of state in such deposit in excess of the amount required, and the treasurer of state
shall then surrender such excess to the company, taking proper receipts therefor.
Frequently Asked Questions About Ohio § 1735.03
What does Ohio Revised Code § 1735.03 cover?
Section 1735.03 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 § 1735.03?
A common citation format is "Ohio Revised Code § 1735.03" (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 § 1735.03 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.