Ohio Code § 746.03
Ohio Code § 746.03. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 746.03.
(A) A railway board of trustees that sells a railway or any portion of a railway under section 746.02 of the Revised Code shall establish a railway proceeds trust fund for the purpose of receiving the net
proceeds of the sale. The municipal corporation that owned the railway or portion of the railway before
the sale shall be the sole beneficiary of the trust fund. Any funds in the trust fund shall not be considered part of the unencumbered balance
or revenue of the subdivision under section 5705.35 or 5705.36 of the Revised Code . (B) The railway board of trustees shall manage and administer the railway proceeds trust
fund established under division (A) of this section as trustees, in accordance with
this chapter and with ordinances passed by the legislative authority of the municipal
corporation not in conflict with this chapter. (C) Notwithstanding section 9.481 of the Revised Code , no individual may be appointed to the railway board of trustees after the effective
date of this section unless the individual is a resident of the municipal corporation.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 746.03
- 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 § 746.03?
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 § 746.03 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 § 746.03 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Statutes are amended, repealed, and renumbered every session.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.