Ohio § 5505.09
Full text of Ohio Ohio Revised Code § 5505.09, with citation guidance and answers to common questions.
§ 5505.09.
The boards and officers of the several taxing districts of the state in the issuance
and sale of evidences of indebtedness of their respective taxing districts, may offer
in writing at a fair market price, which price shall not be less than par and accrued
interest, to the state highway patrol retirement board, prior to advertising the same
for sale, all such issues as may not have been taken by the trustees of the sinking
fund of the taxing district issuing such evidences of indebtedness. The board shall, within ten days after the receipt of such written offer, either: (A) Accept the same and purchase such evidences of indebtedness, or any portion thereof,
at a fair market price, to be evidenced by a resolution of the board of officers of
the taxing district issuing such evidences of indebtedness, but at a price of not
less than par and accrued interest; (B) Reject such offer in writing.
Frequently Asked Questions About Ohio § 5505.09
What does Ohio Revised Code § 5505.09 cover?
Section 5505.09 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 § 5505.09?
A common citation format is "Ohio Revised Code § 5505.09" (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 § 5505.09 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.