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the Ohio Revised Code
2011 Ohio Revised Code
Title [15] XV CONSERVATION OF NATURAL RESOURCES
Chapter 1541: DIVISION OF PARKS AND RECREATION
1541.082 Transfer of lease after foreclosure sale.
Universal Citation:
OH Rev Code § 1541.082
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
When buildings located on state land are sold on foreclosure in a delinquent tax suit or in a mortgage foreclosure suit, the state immediately shall transfer to the purchaser of the buildings the lease for the state lands on which the buildings are located or shall cancel the former lease and execute a new lease to the purchaser. If a new lease is executed, it shall be for the same annual rental, contain the same restrictions, and grant the same privileges enjoyed by the former owner, including the privilege of purchasing the land in accordance with section 1501.01 of the Revised Code.
Effective Date: 10-20-1994
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