Ohio § 703.372
Full text of Ohio Ohio Revised Code § 703.372, with citation guidance and answers to common questions.
§ 703.372.
Except as expressly provided in sections 703.377 and 703.378 of the Revised Code , the township or townships into which the territory of a village is dissolved do
not assume the voted debts, obligations, or liabilities of the village. Unvoted debt serviced by property taxes levied within the ten-mill limitation shall
be assumed by the township or townships into which the territory of the village is
dissolved in proportion to the total assessed valuation of territory that each township
has within the former boundaries of the dissolved village as compared to the total
assessed valuation of all territory within the former boundaries of the dissolved
village. For the purpose of this section, the total assessed valuation of village territory
shall be determined based on the tax year in which the dissolution is effective.
Frequently Asked Questions About Ohio § 703.372
What does Ohio Revised Code § 703.372 cover?
Section 703.372 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 § 703.372?
A common citation format is "Ohio Revised Code § 703.372" (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 § 703.372 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.