Ohio § 5540.05
Full text of Ohio Ohio Revised Code § 5540.05, with citation guidance and answers to common questions.
§ 5540.05.
The board of trustees of a district may acquire real property in fee simple in the
name of the district in connection with, but in excess of that needed for, a project
by any method other than appropriation and hold the property for such period of time
as the board determines. All right, title, and interest of the district in the property may be sold at public
auction or otherwise, as the board considers in the best interests of the district;
but in no event shall the property be sold for less than two-thirds of its appraised
value. Sale at public auction shall be undertaken only after the board advertises the sale
in a newspaper of general circulation in the district for two weeks or as provided
in section 7.16 of the Revised Code , prior to the date set for the sale.
Frequently Asked Questions About Ohio § 5540.05
What does Ohio Revised Code § 5540.05 cover?
Section 5540.05 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 § 5540.05?
A common citation format is "Ohio Revised Code § 5540.05" (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 § 5540.05 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.