Ohio Code § 1704.04
Ohio Code § 1704.04. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1704.04.
(A) For purposes of this chapter, the fair market value on the date in question of shares
shall be determined as follows: (1) If that class or series of shares is listed on a United States securities exchange
registered under the Exchange Act, the fair market value shall be the simple arithmetic
average closing sale price during the thirty calendar days immediately before the
date in question of a share of that class or series on the principal such exchange
on which that class or series is listed; (2) If that class or series of shares is not listed on an exchange described in division
(A)(1) of this section, the fair market value shall be the simple arithmetic average
closing bid quotation during the thirty calendar days immediately before the date
in question for a share of that class or series on the national association of securities
dealers automated quotation system or any similar system then in use; (3) If no quotations described in division (A)(1) or (2) of this section are available,
the fair market value shall be determined in good faith by the directors of the issuing
public corporation. (B) For purposes of this chapter, the fair market value on the date in question of property
other than cash or shares shall be determined in good faith by the directors of the
issuing public corporation.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1704.04
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1704.04?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1704.04 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1704.04 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.