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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1747.09 | Perpetual period of existence - termination.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1747 Real Estate Investment Trusts
 
Effective:
July 17, 1978
Latest Legislation:
House Bill 289 - 112th General Assembly
PDF:
Download Authenticated PDF
 

Unless otherwise stated in the trust instrument, a real estate investment trust authorized to transact real estate business in this state has a perpetual period of existence and is not affected by any rule against perpetuities. Nothing contained in this section shall be construed or interpreted to limit, prohibit, or invalidate any provision of a trust instrument providing that such real estate investment trust may be terminated at any time by action of the trustees or by the vote of a specified percentage in interest of the beneficial owners thereof.

Available Versions of this Section