Ohio § 1747.11

§ 1747.11.

(A) Any real estate investment trust that transacts real estate business in this state

without authority shall forfeit not less than one thousand dollars nor more than ten

thousand dollars.  Such forfeiture shall be recovered in an action in the name of the state brought

in the court of common pleas of Franklin county, or in the court of common pleas of

any county in which the trust has transacted real estate business or has property

or a place of business, by the attorney general or the prosecuting attorney.  If such action is brought by the attorney general, such forfeiture shall on collection

be paid into the state treasury to the credit of the general revenue fund.  If brought by the prosecuting attorney, one-half of such forfeiture shall on collection

be paid to the treasurer of the county in which action was brought and one-half shall

be paid into the state treasury to the credit of the general revenue fund.  In addition to such forfeiture, the court shall render a judgment that the trust

pay the filing fees required by division (B) of section 1747.03 of the Revised Code , plus interest on the fees at the rate of six per cent per annum for the time during

which the court determines that the trust transacted real estate business in this

state in violation of section 1747.02 of the Revised Code .  An action for the recovery of such forfeiture and filing fee shall be brought within

five years after the real estate investment trust has ceased to transact real estate

business in this state. (B) For good cause shown, the secretary of state, with the consent of the attorney general,

before or after judgment, or the court in which an action is pending for the collection

of a forfeiture, may remit all or part of the forfeiture. (C) This section does not apply to any real estate investment trust that either: (1) Holds an estate or interest in real property in this state on the effective date

of this section and transacts business after that effective date, if the real estate

investment trust complies with section 1743.03 of the Revised Code 1 within one year after the effective date of this section; (2) Holds an estate or interest in real property in this state on the effective date

of this section, if it disposes of the estate or interest within one year after the

effective date of this section. 1

 So in original;  should this read “1747.03 of the Revised Code”?