Ohio § 3925.29
Full text of Ohio Ohio Revised Code § 3925.29, with citation guidance and answers to common questions.
§ 3925.29.
Upon a consolidation of insurance companies authorized by section 3925.27 of the Revised Code , the true value of each outstanding share of the capital stock of each of the consolidating
companies shall be ascertained by their respective directors through a suitable valuation
of all the assets and liabilities thereof at the time of the consolidation, and new
shares of the consolidated company shall be apportioned to each stockholder, equal
to the sum ascertained to be the true value of his shares in the consolidating companies. The shares apportioned shall be substituted for each stockholder's original shares,
and all certificates of shares in the consolidating companies must be surrendered
when the new certificates of the apportioned shares are issued. A stockholder in either of the consolidating companies who refuses to agree to such
consolidation may receive for the stock owned by him its just market value at the
time thereof, which shall be paid to him previous to such consolidation. The capital stock of such consolidated company may, by virtue of such consolidation,
be equal to, but shall not exceed, the aggregate authorized capital of the consolidating
companies.
Frequently Asked Questions About Ohio § 3925.29
What does Ohio Revised Code § 3925.29 cover?
Section 3925.29 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 § 3925.29?
A common citation format is "Ohio Revised Code § 3925.29" (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 § 3925.29 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.