Ohio § 1747.12
Full text of Ohio Ohio Revised Code § 1747.12, with citation guidance and answers to common questions.
§ 1747.12.
(A) The failure of any real estate investment trust to be authorized to transact real
estate business in this state does not affect the validity of any contract with such
trust, or the validity of the title to any estate or interest in real property taken,
held, or disposed of by such trust. No real estate investment trust that should have been so authorized, nor any persons
on its behalf shall maintain any action in any court of this state until it has obtained
such authority by filing with the secretary of state as required by division (B) or
(C) of this section, paying the fee associated with the filing, and further paying
to the secretary of state a forfeiture of one thousand dollars. (B) If such real estate investment trust has not been previously authorized to transact
real estate business in this state or if its authority has been surrendered, it shall
make the filings specified in divisions (A)(1) to (7) of section 1747.03 of the Revised
Code and pay the specified fee for the filing. (C) If such real estate investment trust has been previously authorized to transact real
estate business in this state and its authority has expired for failure to make the
filings required by division (A)(8) of section 1747.03 of the Revised Code , it shall make such filings, and pay the specified fee for the filings. (D) Full compliance with this section prior to the bringing of an action to recover a
forfeiture under section 1747.11 of the Revised Code constitutes a bar to such action.
Frequently Asked Questions About Ohio § 1747.12
What does Ohio Revised Code § 1747.12 cover?
Section 1747.12 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 § 1747.12?
A common citation format is "Ohio Revised Code § 1747.12" (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 § 1747.12 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.