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Ohio Revised Code Title V. Townships § 523.05

Current as of January 01, 2024 | Updated by Findlaw Staff

(A) A new township created under this chapter shall succeed to the following interests of each township merged:

(1) All money, taxes, and special assessments, whether in the township treasury or in the process of collection;

(2) All property and interests in property, whether real or personal;

(3) All rights and interests in contracts, or in securities, bonds, notes, or other instruments;

(4) All accounts receivable and rights of action;

(5) All other matters not included in this section that are not addressed in the merger agreement.

(B) A new township created under this chapter is legally obligated for all outstanding franchises, contracts, debts, and other legally binding obligations for each township merged into the new township. A new township created under this chapter is legally responsible for maintaining, defending, or otherwise resolving any and all legal claims or actions of each township merged into the new township.

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Cite this article: FindLaw.com - Ohio Revised Code Title V. Townships § 523.05 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-v-townships/oh-rev-code-sect-523-05/

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