Ohio § 4509.27 Security deposit fund

Ohio Statutes

§ 4509.27 — Security deposit fund

Ohio § 4509.27

Title 45Motor Vehicles-Aeronautics-Watercraft

Ch. 4509Financial Responsibility

This text of Ohio § 4509.27 (Security deposit fund) 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. § 4509.27 (2026).

Text

There is hereby created in the state treasury the security deposit fund. All security deposits that the registrar of motor vehicles requires to be paid under section4509.12of the Revised Code and that the registrar receives shall be deposited into the fund. Moneys in the fund shall be applied only to the payment of a judgment for damages arising out of an accident as provided in section4509.28of the Revised Code and to the return of security deposits as provided in sections4509.25and4509.29of the Revised Code. All investment earnings of the fund shall be credited to the roadwork development fund created by section122.14of the Revised Code.

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There is hereby created in the state treasury the security deposit fund. All security deposits that the registrar of motor vehicles requires to be paid under section4509.12of the Revised Code and that the registrar receives shall be deposited into the fund. Moneys in the fund shall be applied only to the payment of a judgment for damages arising out of an accident as provided in section4509.28of the Revised Code and to the return of security deposits as provided in sections4509.25and4509.29of the Revised Code. All investment earnings of the fund shall be credited to the roadwork development fund created by section122.14of the Revised Code.