Ohio § 4961.27
Full text of Ohio Ohio Revised Code § 4961.27, with citation guidance and answers to common questions.
§ 4961.27.
The board of directors of a railroad company which has expended in the construction
of its railroad ten per cent of its authorized capital, and has obtained actual bona
fide subscriptions to its capital stock to the amount of at least twenty per cent
of it, may receive subscriptions to its capital stock, payable in such installments,
dependent upon the completion of the whole or any part of its railroad so that cars
may pass over it, as they deem expedient, and upon full payment thereof issue certificates
of stock therefor. No subscriber to the stock authorized by this section is entitled to any of the
privileges of a stockholder until his subscription is fully paid, nor for any purpose
shall such subscriber be deemed a stockholder until the happening of the contingency
upon which the installments on his subscription are made dependent.
Frequently Asked Questions About Ohio § 4961.27
What does Ohio Revised Code § 4961.27 cover?
Section 4961.27 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 § 4961.27?
A common citation format is "Ohio Revised Code § 4961.27" (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 § 4961.27 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.