Ohio § 3931.011
Full text of Ohio Ohio Revised Code § 3931.011, with citation guidance and answers to common questions.
§ 3931.011.
(A)(1) Every reciprocal exchange subject to this chapter may, in its own name, do any of
the following for the purposes of the exchange as described in division (A)(2) of
this section: (a) Manage real estate; (b) By deed or other instrument, purchase or otherwise acquire, sell or otherwise convey,
own, hold, or lease real estate; (c) Mortgage, pledge, or otherwise encumber real estate. (2) The purposes of the exchange include, but are not limited to, investment for the
production of income or for the convenient transaction of its business. (3) A reciprocal exchange may engage in the activities described in division (A)(1)(b)
and (c) of this section only to the extent permitted by the laws regulating the investments
of insurance companies. (B) The attorney may execute any contract, deed, lease, mortgage, deed of trust, purchase
or sale agreement, or any other contract or instrument to carry out the authority
conferred upon the reciprocal exchange under division (A) of this section.
Frequently Asked Questions About Ohio § 3931.011
What does Ohio Revised Code § 3931.011 cover?
Section 3931.011 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 § 3931.011?
A common citation format is "Ohio Revised Code § 3931.011" (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 § 3931.011 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.