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2021 Ohio Revised Code
Title 15 | Conservation of Natural Resources
Chapter 1546 | Division of Parks and Watercraft
Section 1546.13 | Transfer of Lease After Foreclosure Sale.
Universal Citation:
Ohio Rev Code § 1546.13 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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Effective: September 14, 2016
Latest Legislation: Senate Bill 293 - 131st General Assembly
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.
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