Ohio § 4981.24
Full text of Ohio Ohio Revised Code § 4981.24, with citation guidance and answers to common questions.
§ 4981.24.
Any political subdivision, taxing district, or other public body of this state, without
competitive bidding, may convey or exchange with the Ohio rail development commission,
for use in connection with a project, any or all of its interests in real or personal
property, or both, not needed by the grantor. The interest in such property to be conveyed shall be appraised at its fair market
value and such appraisal value shall be the conveyance price. The appraised fair market value of any property exchanged under this section shall
be substantially equal to the aggregate of the appraised fair market value of the
property for which it is exchanged and any moneys paid to the grantor in consideration
of such exchange. The political subdivision, taxing district, or other public body shall prescribe
the form of its deed.
Frequently Asked Questions About Ohio § 4981.24
What does Ohio Revised Code § 4981.24 cover?
Section 4981.24 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 § 4981.24?
A common citation format is "Ohio Revised Code § 4981.24" (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 § 4981.24 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.