Ohio § 5505.08

Full text of Ohio Ohio Revised Code § 5505.08, with citation guidance and answers to common questions.

§ 5505.08.

Except as provided in Chapter 5505. of the Revised Code, no trustees and no employee

of the state highway patrol retirement board shall have any interest, direct or indirect,

in the gains or profits of any investment made by the board, nor as such, directly

or indirectly, receive any pay or emolument for his services.  No trustees or employee of the board, directly or indirectly, for himself or as

an agent or partner or others, shall borrow any of its funds or deposits or in any

manner use the same except to make such current and necessary payments as are authorized

by the board;  nor shall any member or employee of the board be an indorser or surety

or be in any manner an obligor for moneys loaned by or borrowed by the board. The state highway patrol retirement system shall make no investments through, purchases

from, or otherwise do any business with any individual who is, or any person who within

the preceding three years was employed by, a board member of, or an officer of the

system, partnership, association, or corporation that is owned or controlled by, a

person, who within the preceding three years was employed by, a board member of, or

an officer of the system, holds a fiduciary, administrative, supervisory, or trust

position, or any other position in which such person would be involved, on behalf

of his employer, in decisions or recommendations affecting the investment policy of

the system, and in which such person would benefit by any monetary gain.

Frequently Asked Questions About Ohio § 5505.08

What does Ohio Revised Code § 5505.08 cover?

Section 5505.08 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 § 5505.08?

A common citation format is "Ohio Revised Code § 5505.08" (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 § 5505.08 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.