Ohio § 5711.15
Full text of Ohio Ohio Revised Code § 5711.15, with citation guidance and answers to common questions.
§ 5711.15.
A merchant in estimating the value of the personal property held for sale in the course
of his business shall take as the criterion the average value of such property, as
provided in this section of the Revised Code, which he has had in his possession or
under his control during the year ending on the day such property is listed for taxation,
or the part of such year during which he was engaged in business. Such average shall be ascertained by taking the amount in value on hand, as nearly
as possible, in each month of such year in which he has been engaged in business,
adding together such amounts, and dividing the aggregate amount by the number of months
that he has been in business during such year. As used in this section a “ merchant ” is a person who owns or has in possession or subject to his control personal property
within this state with authority to sell it, which has been purchased either in or
out of this state, with a view to being sold at an advanced price or profit, or which
has been consigned to him from a place out of this state for the purpose of being
sold at a place within this state.
Frequently Asked Questions About Ohio § 5711.15
What does Ohio Revised Code § 5711.15 cover?
Section 5711.15 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 § 5711.15?
A common citation format is "Ohio Revised Code § 5711.15" (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 § 5711.15 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.