Ohio § 742.116
Full text of Ohio Ohio Revised Code § 742.116, with citation guidance and answers to common questions.
§ 742.116.
(A) The board of trustees of the pension fund shall, for the purposes of this section,
designate an investment manager as an Ohio-qualified investment manager if the investment
manager meets all of the following requirements: (1) The investment manager is subject to taxation under Chapter 5725., 5726., 5733.,
5747., or 5751. of the Revised Code; (2) The investment manager meets one of the following requirements: (a) Has its corporate headquarters or principal place of business in this state; (b) Employs at least five hundred individuals in this state; (c) Has a principal place of business in this state and employs at least twenty residents
of this state. (B)(1) The board shall, at least annually, establish a policy with the goal to increase
utilization by the board of Ohio-qualified investment managers, when an Ohio-qualified
investment manager offers quality, services, and safety comparable to other investment
managers otherwise available to the board. The policy shall also provide for the following: (a) A process whereby the board can develop a list of Ohio-qualified investment managers
and their investment products; (b) A process whereby the board can give public notice to Ohio-qualified investment managers
of the board's search for an investment manager that includes the board's search criteria. (2) The board shall determine whether an investment manager is an Ohio-qualified investment
manager and whether the investment manager offers quality, services, and safety comparable
to other investment managers otherwise available to the board. The board's determination shall be final.
Frequently Asked Questions About Ohio § 742.116
What does Ohio Revised Code § 742.116 cover?
Section 742.116 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 § 742.116?
A common citation format is "Ohio Revised Code § 742.116" (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 § 742.116 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.