Ohio § 4703.206
Full text of Ohio Ohio Revised Code § 4703.206, with citation guidance and answers to common questions.
§ 4703.206.
(A) Any person with an interest in commercial real estate on which a lien has been perfected
pursuant to section 4703.202 of the Revised Code , or named in the affidavit required under that section, may apply to the common pleas
court of the county in which the commercial real estate is located to substitute financial
security for the lien. (B) The substitute security shall be in the amount equal to the architect’s claim, and
in a form such as an escrow account or surety bond held by the clerk of courts or
other party as determined adequate by the court. (C) The court, in its entry approving the substitute security, shall direct the release
of the lien. (D)(1) The person substituting the security shall file the entry and release for recording
in the office of the county recorder of the county in which the commercial real estate
is located. (2) The county recorder shall record the entry and release and charge and collect from
the person filing the entry and release for recording the fees set forth in section 317.32 of the Revised Code for the recorder's services.
Frequently Asked Questions About Ohio § 4703.206
What does Ohio Revised Code § 4703.206 cover?
Section 4703.206 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 § 4703.206?
A common citation format is "Ohio Revised Code § 4703.206" (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 § 4703.206 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.