Ohio Code § 5540.05
Ohio Code § 5540.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5540.05.
The board of trustees of a district may acquire real property in fee simple in the
name of the district in connection with, but in excess of that needed for, a project
by any method other than appropriation and hold the property for such period of time
as the board determines. All right, title, and interest of the district in the property may be sold at public
auction or otherwise, as the board considers in the best interests of the district;
but in no event shall the property be sold for less than two-thirds of its appraised
value. Sale at public auction shall be undertaken only after the board advertises the sale
in a newspaper of general circulation in the district for two weeks or as provided
in section 7.16 of the Revised Code , prior to the date set for the sale.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5540.05
- 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 § 5540.05?
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 § 5540.05 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 § 5540.05 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Statutes are amended, repealed, and renumbered every session.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.