1301:10-5-02. Sale of property

(A) All securities and other intangible property transferred to the director of commerce pursuant to section 169.05 of the Revised Code shall be sold by the director at such time and place and in such manner as deemed reasonable. Neither the director nor any employee thereof shall in any way be liable to any person for any claimed loss resulting from the sale of securities or other intangible property.

(B) All proceeds received from the sale of property under paragraph (A) of this rule shall be credited to the account of the owner of the property.

Five Year Review (FYR) Dates: 3/20/2020 and 03/17/2025
Promulgated Under: 119.03
Statutory Authority: R.C. 169.09, R.C. 119.03
Rule Amplifies: R.C. 169.05
Prior Effective Dates: 12/20/1984, 10/14/1991, 07/29/2002

Prior History: (R.C. 119.032 review dates: 04/01/2014 and 04/01/2019
Promulgated Under: 119.03
Statutory Authority: RC 119.03, 169.09
Rule Amplifies: RC 169.05
Prior Effective Dates: 12/20/1984, 10/14/1991, 7/29/2002)