Ohio § 3901.52
Full text of Ohio Ohio Revised Code § 3901.52, with citation guidance and answers to common questions.
§ 3901.52.
(A) An insurance company may place or arrange for the placement of securities held in
or purchased for its general account and its separate accounts in a clearing corporation
or the federal reserve book-entry system. Ownership of, and other interest in, these securities may be transferred by bookkeeping
entry on the books of the clearing corporation or in the federal reserve book-entry
system without physical delivery of certificates representing these securities. (B) The records of any member bank through which an insurance company holds securities
in the federal reserve book-entry system, and the records of any direct participant
through which an insurance company holds securities in a clearing corporation, shall
show at all times that the securities are held for that insurance company and for
which accounts of that insurance company they are held. (C) When securities are placed with a clearing corporation, certificates representing
securities of the same class of the same issuer may be merged and held in bulk in
the name of the nominee of the clearing corporation with any other securities placed
with the clearing corporation by any person regardless of the ownership of the securities,
and certificates representing securities of small denominations may be merged into
one or more certificates of larger denominations.
Frequently Asked Questions About Ohio § 3901.52
What does Ohio Revised Code § 3901.52 cover?
Section 3901.52 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 § 3901.52?
A common citation format is "Ohio Revised Code § 3901.52" (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 § 3901.52 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.