Ohio Code § 4909.041
Ohio Code § 4909.041. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4909.041.
As used in sections 4909.041 , 4909.042 , and 4909.05 of the Revised Code : (A) A “ lease purchase agreement ” is an agreement pursuant to which a public utility leasing property is required
to make rental payments for the term of the agreement and either the utility is granted
the right to purchase the property upon the completion of the term of the agreement
and upon the payment of an additional fixed sum of money or title to the property
vests in the utility upon the making of the final rental payment. (B) A “ leaseback ” is the sale or transfer of property by a public utility to another person contemporaneously
followed by the leasing of the property to the public utility on a long-term basis.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4909.041
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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