Ohio § 3941.38
Full text of Ohio Ohio Revised Code § 3941.38, with citation guidance and answers to common questions.
§ 3941.38.
(A) The agreement shall be filed in duplicate with the superintendent with a petition
for approval thereof, which petition shall contain the plan of merger and the mode
of carrying it into effect, the certificate of the president or secretary of each
company stating the facts constituting compliance with the provisions of section 3941.37 of the Revised Code and may contain other pertinent matters. (B) On receipt of the petition the superintendent shall determine whether there has been
compliance with the requirements of sections 3941.36 and 3941.37 of the Revised Code and this section, and shall within sixty days approve the petition or give petitioners
notice of a hearing thereon. The superintendent shall disapprove the petition only if: (1) Sections 3941.36 and 3941.37 of the Revised Code have not been complied with; (2) The proposed merger or consolidation will be inequitable to the members of the domestic
mutual company or companies in that it will result in a substantial reduction of the
equity of such member without reasonably compensating benefits or advantages; (3) The proposed merger or consolidation will reduce service to the policyholders of
the domestic company or companies or the protection of existing insurance policies
of the domestic company or companies; (4) As to any line of insurance in any state, the merger or consolidation may substantially
lessen competition or tend to create a monopoly. Disapproval of the petition shall be made only on findings taken in a hearing as provided
in section 3941.40 of the Revised Code .
Frequently Asked Questions About Ohio § 3941.38
What does Ohio Revised Code § 3941.38 cover?
Section 3941.38 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 § 3941.38?
A common citation format is "Ohio Revised Code § 3941.38" (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 § 3941.38 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.