Ohio Code § 3925.29
Ohio Code § 3925.29. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3925.29.
Upon a consolidation of insurance companies authorized by section 3925.27 of the Revised Code , the true value of each outstanding share of the capital stock of each of the consolidating
companies shall be ascertained by their respective directors through a suitable valuation
of all the assets and liabilities thereof at the time of the consolidation, and new
shares of the consolidated company shall be apportioned to each stockholder, equal
to the sum ascertained to be the true value of his shares in the consolidating companies. The shares apportioned shall be substituted for each stockholder's original shares,
and all certificates of shares in the consolidating companies must be surrendered
when the new certificates of the apportioned shares are issued. A stockholder in either of the consolidating companies who refuses to agree to such
consolidation may receive for the stock owned by him its just market value at the
time thereof, which shall be paid to him previous to such consolidation. The capital stock of such consolidated company may, by virtue of such consolidation,
be equal to, but shall not exceed, the aggregate authorized capital of the consolidating
companies.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3925.29
- 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 § 3925.29?
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 § 3925.29 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 § 3925.29 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Statutes are amended, repealed, and renumbered every session.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.