Effective: July 17, 1978
Latest Legislation: House Bill 289 - 112th General Assembly
Unless otherwise stated in the trust instrument, a real estate investment trust authorized to transact real estate business in this state has a perpetual period of existence and is not affected by any rule against perpetuities. Nothing contained in this section shall be construed or interpreted to limit, prohibit, or invalidate any provision of a trust instrument providing that such real estate investment trust may be terminated at any time by action of the trustees or by the vote of a specified percentage in interest of the beneficial owners thereof.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1747 | Real Estate Investment Trusts
Section 1747.01 | Real Estate Investment Trust Definitions.
Section 1747.02 | Compliance With Chapter.
Section 1747.03 | Filing With Secretary of State Before Transacting Business.
Section 1747.04 | Amendment of Trust Instrument.
Section 1747.05 | General Powers of Trust.
Section 1747.06 | Interests in Property.
Section 1747.07 | Service of Process.
Section 1747.08 | Certificate of Beneficial Interest Is Security.
Section 1747.09 | Perpetual Period of Existence - Termination.
Section 1747.10 | Surrender of Authority.
Section 1747.11 | Forfeiture for Transacting Business Without Authority.
Section 1747.12 | Violation Effects.