2006 Ohio Revised Code - 9.94. Fractionalized interests in public obligations.
§ 9.94. Fractionalized interests in public obligations.
Third parties shall not issue and sell to others or publicly underwrite fractionalized interests in any one or more public obligations, as defined in division (GG)(2) of
section 133.01 of the Revised Code, without the knowledge and express written approval or authorization of each public issuer that is the obligor on such public obligations. Provision to that effect shall be included in each such public obligation in which fractionalized interests are not, with the knowledge and authorization of that obligor, initially issued.
HISTORY: 146 v H 748. Eff 9-17-96./D
* Note: In accordance with RC § 1.47.1, the General Assembly has not determined which sections go into immediate effect. However, it appears that certain sections provide for appropriations for current expenses and are immediately effective in accordance with RC § 1.47.1 and
Article II §
1d of the Ohio Constitution.
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