Ohio § 3925.20
Full text of Ohio Ohio Revised Code § 3925.20, with citation guidance and answers to common questions.
§ 3925.20.
No insurance company organized under Chapter 3925. of the Revised Code, shall purchase,
hold, or convey real estate, except for the following purposes and in the following
manner: (A) Real estate requisite for its convenient accommodation in the transaction of its
business; (B) Real estate mortgaged to it in good faith, by way of security for loans previously
contracted, or for money due; (C) Real estate conveyed to it in satisfaction of debts previously contracted in its
legitimate business, or for money due; (D) Real estate purchased at sales upon judgment or mortgages obtained or made for such
debts; (E) Real estate, or any interest in real estate, acquired or held by purchase, lease,
or otherwise, as an investment for production of income or to be improved or developed
for the production of income. An insurer shall not have at any one time more than ten per cent of its assets invested
in real estate under this section. An insurer shall not have at any one time more than two per cent of its assets invested
in any one real estate investment except with the prior approval of the superintendent
of insurance. No investment in real estate to be used primarily for recreational, agricultural,
or mining purposes shall be made under authority of this section.
Frequently Asked Questions About Ohio § 3925.20
What does Ohio Revised Code § 3925.20 cover?
Section 3925.20 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 § 3925.20?
A common citation format is "Ohio Revised Code § 3925.20" (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 § 3925.20 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.