Ohio Code § 3903.41
Ohio Code § 3903.41. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3903.41.
(A) The value of any security held by a secured creditor shall be determined in one of
the following ways, as the court may direct: (1) By converting the same into money according to the terms of the agreement pursuant
to which the security was delivered to such creditor; (2) By agreement, arbitration, compromise, or litigation between the creditor and the
liquidator. (B) The determination shall be under the supervision and control of the court with due
regard for the recommendation of the liquidator. The amount so determined shall be credited upon the secured claim, and any deficiency
shall be treated as an unsecured claim. If the claimant surrenders his security to the liquidator, the entire claim shall
be allowed as if unsecured.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3903.41
- 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 § 3903.41?
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 § 3903.41 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 § 3903.41 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Statutes are amended, repealed, and renumbered every session.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.