Ohio § 4981.25
Full text of Ohio Ohio Revised Code § 4981.25, with citation guidance and answers to common questions.
§ 4981.25.
In accordance with Section 13 of Article VIII, Ohio Constitution , the state, acting through the Ohio rail development commission, for the purpose
of implementing rail service, may by resolution designate a corporation organized
under Chapter 1702. or 1724. of the Revised Code as its agency to acquire, construct,
reconstruct, enlarge, improve, furnish, or equip and to sell, lease, exchange, or
otherwise dispose of property and facilities within the state for industry, commerce,
distribution, and research; may approve such corporation and obligations of the corporation
issued by it for one or more such purposes; and may have a beneficial interest in
such corporation including the right to the property financed by such obligations
on the retirement of such obligations, or by acquiring such property for endowment
or similar uses or benefits or for ultimate direct use by it, subject to any lease
or mortgage securing such obligations.
Frequently Asked Questions About Ohio § 4981.25
What does Ohio Revised Code § 4981.25 cover?
Section 4981.25 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 § 4981.25?
A common citation format is "Ohio Revised Code § 4981.25" (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 § 4981.25 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.