Ohio § 4961.33
Full text of Ohio Ohio Revised Code § 4961.33, with citation guidance and answers to common questions.
§ 4961.33.
A stockholder of any railroad company, part or all of whose railroad is proposed to
be leased or purchased or which it is proposed to aid by subscription, who refuses
his assent to such sale, lease, or aid by subscription, and signifies it by notice
in writing to the purchaser or lessee, or company subscribing such aid, within sixty
days thereafter, on demand, shall be entitled to receive from such purchaser or lessee,
or company subscribing such aid, previous to the consummation of such sale, lease,
or aid, the average market value of his stock for six months next preceding the day
of the meeting of the companies at which the sale, lease, or aid is approved, on surrendering
the stock. If the stockholder and the purchaser, lessee, or company furnishing such aid cannot
agree as to the value of the stock, the parties may submit the question to arbitration,
to be conducted in accordance with the laws regulating arbitrations, so far as applicable,
by three disinterested persons, to be appointed upon the motion of either of the parties
by the judge of the court of common pleas of the county in which the owner of the
stock resides, or, in case he is a nonresident of the state, or of any county through
or into which the railroad passes, then the county in which the principal office of
the company is kept.
Frequently Asked Questions About Ohio § 4961.33
What does Ohio Revised Code § 4961.33 cover?
Section 4961.33 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 § 4961.33?
A common citation format is "Ohio Revised Code § 4961.33" (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 § 4961.33 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.