Ohio Code § 1747.12
Ohio Code § 1747.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1747.12.
(A) The failure of any real estate investment trust to be authorized to transact real
estate business in this state does not affect the validity of any contract with such
trust, or the validity of the title to any estate or interest in real property taken,
held, or disposed of by such trust. No real estate investment trust that should have been so authorized, nor any persons
on its behalf shall maintain any action in any court of this state until it has obtained
such authority by filing with the secretary of state as required by division (B) or
(C) of this section, paying the fee associated with the filing, and further paying
to the secretary of state a forfeiture of one thousand dollars. (B) If such real estate investment trust has not been previously authorized to transact
real estate business in this state or if its authority has been surrendered, it shall
make the filings specified in divisions (A)(1) to (7) of section 1747.03 of the Revised
Code and pay the specified fee for the filing. (C) If such real estate investment trust has been previously authorized to transact real
estate business in this state and its authority has expired for failure to make the
filings required by division (A)(8) of section 1747.03 of the Revised Code , it shall make such filings, and pay the specified fee for the filings. (D) Full compliance with this section prior to the bringing of an action to recover a
forfeiture under section 1747.11 of the Revised Code constitutes a bar to such action.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1747.12
- 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 § 1747.12?
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 § 1747.12 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 § 1747.12 still in force?
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