Ohio § 501.09
Full text of Ohio Ohio Revised Code § 501.09, with citation guidance and answers to common questions.
§ 501.09.
The lessee of land appropriated for ministerial purposes which land is leased for
ninety-nine years, renewable forever, or the lessee of such land the lease of which
has been renewed for a like term may purchase the fee simple title to the land for
an amount equal to the rent for one year. The receipt of all rents due and an amount equal to the rent for one year from a
lessee is deemed an offer to purchase the land, which offer the board of education
of the school district for whose benefit the land has been allocated shall accept. The school board shall cancel the lease and prepare a deed in fee simple to the
land, which the governor shall execute and the secretary of state shall countersign. The lessee of land appropriated for school purposes which land is leased for ninety-nine
years, renewable forever, or the lessee of land the lease of which has been renewed
for a like term may purchase the fee simple title to the land for an amount equal
to the quotient of the annual rent divided by five one-hundredths. Upon receipt of that amount, if all unpaid rent due from the lessee for past years
has been paid, the school board shall cancel the lease, and the department of administrative
services shall prepare a deed in fee simple to the land, which the governor shall
execute and the secretary of state shall countersign. Moneys received from the sale of any land shall be paid to the school district for
whose benefit the land has been allocated.
Frequently Asked Questions About Ohio § 501.09
What does Ohio Revised Code § 501.09 cover?
Section 501.09 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 § 501.09?
A common citation format is "Ohio Revised Code § 501.09" (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 § 501.09 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.