Ohio § 4969.16 Confirmation of sale and deed - distribution of proceeds

Ohio Statutes

§ 4969.16 — Confirmation of sale and deed - distribution of proceeds

Ohio § 4969.16

Title 49Public Utilities

Ch. 4969Railroad Sales; Railroad Receivers

This text of Ohio § 4969.16 (Confirmation of sale and deed - distribution of proceeds) 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. § 4969.16 (2026).

Text

When a sale referred to in section4969.12of the Revised Code is made and reported to the court, if satisfied that it was conducted according to law and its order, the court shall confirm the sale and order the receiver to execute and deliver to the purchaser a deed of conveyance for the railroad, roadbed, rights of way, real estate, fixtures, and franchises so sold.

The proceeds of the sale, after paying the costs and expenses thereof and the unpaid expenses of the trust against the company, shall be distributed pro rata among all the creditors of the company.

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

When a sale referred to in section4969.12of the Revised Code is made and reported to the court, if satisfied that it was conducted according to law and its order, the court shall confirm the sale and order the receiver to execute and deliver to the purchaser a deed of conveyance for the railroad, roadbed, rights of way, real estate, fixtures, and franchises so sold.

The proceeds of the sale, after paying the costs and expenses thereof and the unpaid expenses of the trust against the company, shall be distributed pro rata among all the creditors of the company.