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2023 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1313 | Voluntary Assignments
Section 1313.09 | Application by Trustee for Release of Surety - Hearing.
Universal Citation: OH Rev Code § 1313.09 (2023)
Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
An assignee or trustee for the benefit of creditors at any time may make application to the probate court for the release of his sureties, by filing his written request with the judge of such court, and giving at least five days' notice, in writing, to such sureties. If, upon the hearing, the court is of opinion that there is good reason to release said sureties it shall order said assignee or trustee to file an account, as provided by law, and said sureties shall be released upon said assignee or trustee filing a new bond and its approval by the court.
Last updated February 15, 2022 at 2:21 PM
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