Ohio Code § 4981.24
Ohio Code § 4981.24. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4981.24.
Any political subdivision, taxing district, or other public body of this state, without
competitive bidding, may convey or exchange with the Ohio rail development commission,
for use in connection with a project, any or all of its interests in real or personal
property, or both, not needed by the grantor. The interest in such property to be conveyed shall be appraised at its fair market
value and such appraisal value shall be the conveyance price. The appraised fair market value of any property exchanged under this section shall
be substantially equal to the aggregate of the appraised fair market value of the
property for which it is exchanged and any moneys paid to the grantor in consideration
of such exchange. The political subdivision, taxing district, or other public body shall prescribe
the form of its deed.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4981.24
- 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 § 4981.24?
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 § 4981.24 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 § 4981.24 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Statutes are amended, repealed, and renumbered every session.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.