Ohio § 5312.09
Full text of Ohio Ohio Revised Code § 5312.09, with citation guidance and answers to common questions.
§ 5312.09.
(A)(1) The owners association may not assign the right to common assessments, or the future
income from those assessments, or convey any fee interest or any security interest
in any portion of the common elements unless the declaration specifically provides
for such a conveyance or seventy-five per cent of the voting power of the owners association,
or any larger percentage the declaration specifies, approves the conveyance. (2) The owners association may not convey any fee interest in a limited common element
or subject a limited common element to a security interest without the approval of
all of the owners of the lots to which the limited common element is allocated. Any proceeds of the conveyance of a limited common element are an asset of the owners
association. (B) No contract to convey or subject a common element or a limited common element to
a security interest is enforceable against the owners association unless it complies
with division (A) of this section. The board of directors, on behalf of the owners association, has all powers necessary
and appropriate to effect a conveyance or encumbrance that division (A) of this section
permits, including the power to execute a deed or other instrument.
Frequently Asked Questions About Ohio § 5312.09
What does Ohio Revised Code § 5312.09 cover?
Section 5312.09 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 § 5312.09?
A common citation format is "Ohio Revised Code § 5312.09" (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 § 5312.09 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.