Ohio Code § 1313.48

Ohio Code § 1313.48. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 1313.48.

When, on settlement, a balance is shown in the hands of the assignee or trustee for

the benefit of creditors, subject to distribution among the general creditors, a dividend

shall be declared by the probate judge, payable therefrom equally among all the creditors

entitled, in proportion to the amount of their respective claims against the assignor,

including those disallowed, which the claimant has begun suit to establish as required

in section 1313.39 of the Revised Code , and claims held under advisement.  Notice of the making of such dividend, and the time and place of its payment, shall

be given by advertisement once, in a newspaper published and of general circulation

in the county in which such trust is administered, and in such other way as the court

orders.  A report must be made within sixty days after the date fixed of the dividends paid

and of those uncalled for and unpaid at that time.  The court then shall cause a new notice to be given to the owners of unpaid dividends,

in such way as it directs.  If not demanded within twelve months thereafter, such dividends must be divided

pro rata among the other creditors, until they are paid in full, and any remainder

paid to the assignor or his legal representatives.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 1313.48
  • 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 § 1313.48?

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 § 1313.48 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 § 1313.48 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Statutes are amended, repealed, and renumbered every session.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.