Ohio § 3903.41
Full text of Ohio Ohio Revised Code § 3903.41, with citation guidance and answers to common questions.
§ 3903.41.
(A) The value of any security held by a secured creditor shall be determined in one of
the following ways, as the court may direct: (1) By converting the same into money according to the terms of the agreement pursuant
to which the security was delivered to such creditor; (2) By agreement, arbitration, compromise, or litigation between the creditor and the
liquidator. (B) The determination shall be under the supervision and control of the court with due
regard for the recommendation of the liquidator. The amount so determined shall be credited upon the secured claim, and any deficiency
shall be treated as an unsecured claim. If the claimant surrenders his security to the liquidator, the entire claim shall
be allowed as if unsecured.
Frequently Asked Questions About Ohio § 3903.41
What does Ohio Revised Code § 3903.41 cover?
Section 3903.41 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 § 3903.41?
A common citation format is "Ohio Revised Code § 3903.41" (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 § 3903.41 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.