Ohio § 2127.36 Security for deferred payments

Ohio Statutes

§ 2127.36 — Security for deferred payments

Ohio § 2127.36

Title 21Courts-Probate-Juvenile

Ch. 2127Sale Of Lands

This text of Ohio § 2127.36 (Security for deferred payments) 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. § 2127.36 (2026).

Text

The order for the sale of real property  granted in an action by an executor, administrator, or guardian  shall require that before the delivery of the deed the deferred  installments of the purchase money be secured by mortgage on the  real property sold, and mortgage notes bearing interest at a rate  approved by the probate court. If after the sale is made, and  before delivery of the deed, the purchaser offers to pay the full  amount of the purchase money in cash, the court may order that it  be accepted, if for the best interest of the estate or the ward,  and direct its distribution.

The court in that order may also direct the sale, without  recourse, of any or all of the notes taken for deferred payments,  if for the best interest of the estate or the ward, at not less  than their f

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The order for the sale of real property granted in an action by an executor, administrator, or guardian shall require that before the delivery of the deed the deferred installments of the purchase money be secured by mortgage on the real property sold, and mortgage notes bearing interest at a rate approved by the probate court. If after the sale is made, and before delivery of the deed, the purchaser offers to pay the full amount of the purchase money in cash, the court may order that it be accepted, if for the best interest of the estate or the ward, and direct its distribution.

The court in that order may also direct the sale, without recourse, of any or all of the notes taken for deferred payments, if for the best interest of the estate or the ward, at not less than their face value with accrued interest, and direct the distribution of the proceeds.