Ohio § 3913.02
Full text of Ohio Ohio Revised Code § 3913.02, with citation guidance and answers to common questions.
§ 3913.02.
If a domestic stock life insurance corporation determines to become a mutual life
insurance corporation, it may, in carrying out any plan to that end under section 3913.01 of the Revised Code , acquire any shares of its own stock by gift, bequest, or purchase. Until all of such shares are acquired, any shares so acquired, or acquired pursuant
to section 3913.03 of the Revised Code , shall be acquired in trust for the corporation as provided in section 3913.04 of the Revised Code , and shall be assigned and transferred on the books of the corporation to not less
than three nor more than five trustees. Such shares shall be held by them in trust and be voted by such trustees at all
corporate meetings at which stockholders have the right to vote, until all of the
capital stock of such corporation is acquired, at which time the entire capital stock
shall be retired and canceled and the corporation shall become, thereupon, a mutual
life insurance corporation without capital stock.
Frequently Asked Questions About Ohio § 3913.02
What does Ohio Revised Code § 3913.02 cover?
Section 3913.02 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 § 3913.02?
A common citation format is "Ohio Revised Code § 3913.02" (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 § 3913.02 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.