Ohio § 5711.30
Full text of Ohio Ohio Revised Code § 5711.30, with citation guidance and answers to common questions.
§ 5711.30.
If any corporation, incorporated under the laws of this state or authorized to do
business in this state, declares a nominal dividend or distribution for the purpose
of enabling its shareholders residing in this state to return its shares as productive
investments, the tax commissioner, upon finding such to be the fact, shall assess
against such corporation a penalty equal to a tax of two mills on the dollar of the
true value in money of its share of stock owned by shareholders residing in this state. Such penalty shall be collected and distributed in the same manner as taxes levied
by section 5707.03 of the Revised Code .
Frequently Asked Questions About Ohio § 5711.30
What does Ohio Revised Code § 5711.30 cover?
Section 5711.30 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 § 5711.30?
A common citation format is "Ohio Revised Code § 5711.30" (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 § 5711.30 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.