Ohio § 4961.34 Court may appoint arbitrators

Ohio Statutes

§ 4961.34 — Court may appoint arbitrators

Ohio § 4961.34

Title 49Public Utilities

Ch. 4961Special Powers Of Railroads

This text of Ohio § 4961.34 (Court may appoint arbitrators) 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. § 4961.34 (2026).

Text

If a stockholder refuses to submit the question of the value of the stock to arbitration, as provided by section4961.33of the Revised Code, upon the application of a director of either of the companies parties to the contract, the proper judge shall appoint the arbitrators, who shall proceed to ascertain the value of the stock as if the question has been submitted by consent of both parties. If the party owning the stock refuses to receive the amount awarded him, the company may deposit it with the clerk of the court of common pleas of the county in which the arbitration is held, which deposit shall operate as if payment were made to the owner of the stock.

Free access — add to your briefcase to read the full text and ask questions with AI

If a stockholder refuses to submit the question of the value of the stock to arbitration, as provided by section4961.33of the Revised Code, upon the application of a director of either of the companies parties to the contract, the proper judge shall appoint the arbitrators, who shall proceed to ascertain the value of the stock as if the question has been submitted by consent of both parties. If the party owning the stock refuses to receive the amount awarded him, the company may deposit it with the clerk of the court of common pleas of the county in which the arbitration is held, which deposit shall operate as if payment were made to the owner of the stock.