Ohio § 3964.171
Full text of Ohio Ohio Revised Code § 3964.171, with citation guidance and answers to common questions.
§ 3964.171.
(A) A protected cell captive insurance company may create and issue shares in one or
more classes for one or more protected cells. (1) The proceeds of the issue of shares for a specific protected cell shall be included
in the assets of that protected cell. (2) The proceeds of the issue of shares that are not for a specific protected cell shall
be included in the protected cell captive insurance company's general assets. (B) A protected cell captive insurance company may pay a dividend on protected cell or
protected cell captive insurance company shares of any class, regardless of whether
a dividend is declared on any other class of shares of a protected cell or any other
shares of the protected cell captive insurance company. Such payment is subject to section 3964.06 of the Revised Code . (C) Dividends may be paid on protected cell shares only from the cell assets of the protected
cell that issued the shares and must otherwise be made in accordance with the rights
of such shares and in accordance with section 3964.06 of the Revised Code .
Frequently Asked Questions About Ohio § 3964.171
What does Ohio Revised Code § 3964.171 cover?
Section 3964.171 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 § 3964.171?
A common citation format is "Ohio Revised Code § 3964.171" (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 § 3964.171 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.