Ohio § 5725.03
Full text of Ohio Ohio Revised Code § 5725.03, with citation guidance and answers to common questions.
§ 5725.03.
The deposits required to be returned by financial institutions pursuant to sections 5725.01 to 5725.26, inclusive, of the Revised Code , include all deposits as defined by section 5701.05 of the Revised Code to the extent that such deposits are made taxable by section 5709.02 of the Revised Code , except: (A) Deposits belonging to the federal government or any instrumentality thereof; (B) Deposits to the extent of advances or advance payments made under any contract entered
into by the federal government or any instrumentality thereof for the production of
materials or supplies, or the furnishing of services pursuant to authority of any
act to further the war effort; (C) Deposits belonging to the state or any county, municipal corporation, school district,
township, or other subdivision thereof, or to any other financial institution, dealer
in intangibles, domestic insurance company, or institution used exclusively for charitable
purposes, or proceeds of loans which have been credited to the borrower but not disbursed,
or advances by borrowers for the subsequent payment of specific obligations. If any deposit of any class required to be returned consists in whole or in part
of an amount representing uncollected checks and other uncollected items credited
thereto, one half of the amount so represented shall be considered as withdrawable
and shall be included in arriving at the aggregate balance of taxable deposits required
to be returned, whether or not the depositor is in fact permitted to make withdrawals
against the amount so represented and credited.
Frequently Asked Questions About Ohio § 5725.03
What does Ohio Revised Code § 5725.03 cover?
Section 5725.03 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 § 5725.03?
A common citation format is "Ohio Revised Code § 5725.03" (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 § 5725.03 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.