Ohio § 5721.20
Full text of Ohio Ohio Revised Code § 5721.20, with citation guidance and answers to common questions.
§ 5721.20.
This section does not apply to transfers of property without sale to a municipal corporation,
township, county, community development organization, or county land reutilization
corporation pursuant to the alternative redemption period procedures contained in section 323.78 of the Revised Code , except as provided in division (D) of that section. When land is sold pursuant to a foreclosure proceeding as provided in this chapter
or Chapter 323. of the Revised Code, both of the following apply: (A) If the officer who makes the sale receives from the sale more money than is necessary
to satisfy the writ of execution, with interest and costs, the officer who made the
sale shall deliver any balance remaining after satisfying the writ of execution, with
interest and costs, to the clerk of the court that issued the writ of execution not
later than forty-five days after confirmation of sale; (B) The clerk of the court that issued the writ of execution shall notify the owner of
any residue of moneys from the sale or foreclosure of lands remaining to the owner
on the order of distribution, in a manner consistent with division (A) of section 2329.44 of the Revised Code . Any residue of moneys from the sale or foreclosure of lands remaining to the owner
and unclaimed by such owner within ninety days from the day the final notice is provided
in accordance with division (A) of section 2329.44 of the Revised Code , shall be paid into the county treasury and shall be charged separately to the county
treasurer by the county auditor, in the name of the supposed owner. The treasurer shall retain such excess in the treasury for the proper owner of such
lands upon which the foreclosure was had, and upon demand by such owner, within three
years from the date of receipt, shall pay such excess to the owner. If the owner does not demand payment of the excess within three years, then the
excess shall be forfeited to the delinquent tax and assessment collection fund created
under section 321.261 of the Revised Code , or in counties that have established a county land reutilization corporation fund
under section 321.263 of the Revised Code , to the county land reutilization corporation fund.
Frequently Asked Questions About Ohio § 5721.20
What does Ohio Revised Code § 5721.20 cover?
Section 5721.20 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 § 5721.20?
A common citation format is "Ohio Revised Code § 5721.20" (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 § 5721.20 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.