Ohio § 1313.49 Dividends reserved

Ohio Statutes

§ 1313.49 — Dividends reserved

Ohio § 1313.49

Title 13Commercial Transactions

Ch. 1313Voluntary Assignments

This text of Ohio § 1313.49 (Dividends reserved) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1313.49 (2026).

Text

Dividends provided for in section1313.48of the Revised Code reserved for claims disallowed, or held under advisement, when actions to enforce their allowance have been commenced, shall be held until the actions terminate, when they shall be paid on claims the allowance of which has been ordered. Otherwise, such dividends must be distributed pro rata among other creditors not paid in full, or refunded to the assignor.

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Dividends provided for in section1313.48of the Revised Code reserved for claims disallowed, or held under advisement, when actions to enforce their allowance have been commenced, shall be held until the actions terminate, when they shall be paid on claims the allowance of which has been ordered. Otherwise, such dividends must be distributed pro rata among other creditors not paid in full, or refunded to the assignor.