Ohio § 703.362 Receiver-trustee

Ohio Statutes

§ 703.362 — Receiver-trustee

Ohio § 703.362

Title 7Municipal Corporations

Ch. 703Classification

This text of Ohio § 703.362 (Receiver-trustee) 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. § 703.362 (2026).

Text

The receiver-trustee shall perform the following duties:

(A)Resolve the outstanding debts, obligations, and liabilities of the dissolved village;

(B)Approve necessary operations and budgetary functions of the dissolved village;

(C)Settle or resolve any legal claims against the dissolved village existing on the date the dissolution is effective or brought within ninety days after the day the receiver-trustee initially is appointed by the transition supervisory board, as provided under section703.39of the Revised Code;

(D)Administer and collect taxes and special assessments levied by the legislative authority of the dissolved village in accordance with section703.371of the Revised Code during the transition period;

(E)Wind down the involvement of the dissolved village in community

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The receiver-trustee shall perform the following duties:

(A) Resolve the outstanding debts, obligations, and liabilities of the dissolved village;

(B) Approve necessary operations and budgetary functions of the dissolved village;

(C) Settle or resolve any legal claims against the dissolved village existing on the date the dissolution is effective or brought within ninety days after the day the receiver-trustee initially is appointed by the transition supervisory board, as provided under section703.39of the Revised Code;

(D) Administer and collect taxes and special assessments levied by the legislative authority of the dissolved village in accordance with section703.371of the Revised Code during the transition period;

(E) Wind down the involvement of the dissolved village in community improvement corporations, special improvement districts, and tax increment financing arrangements as provided in sections703.376,703.377, and703.378of the Revised Code;

(F) Dispose of or transfer the dissolved village's real and personal property as provided in section703.373of the Revised Code;

(G) Manage the dissolved village's utility services until the utility services are transferred under section703.374of the Revised Code;

(H) Manage the response to public records requests until the records are transferred under section703.375of the Revised Code;

(I) Perform all other duties assigned to the receiver-trustee under sections703.31to703.39of the Revised Code or assigned to the transition supervisory board under those sections and delegated by the board to the receiver-trustee;

(J) Conduct all other necessary business of the dissolved village to conclude the village's affairs.

Last updated February 12, 2024 at 5:30 PM