Ohio Code 5721.01 – Delinquent lands definitions
(A) As used in this chapter:
Terms Used In Ohio Code 5721.01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Delinquent lands: means all lands, including lands that are unimproved by any dwelling, upon which delinquent taxes, as defined in section 323. See Ohio Code 5721.01
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) “Delinquent lands” means all lands, including lands that are unimproved by any dwelling, upon which delinquent taxes, as defined in section 323.01 of the Revised Code, remain unpaid at the time a settlement is made between the county treasurer and auditor pursuant to division (C) of section 321.24 of the Revised Code.
(2) “Delinquent vacant lands” means all lands that have been delinquent lands for at least one year and that are unimproved by any dwelling.
(3) “County land reutilization corporation” means a county land reutilization corporation organized under Chapter 1724. of the Revised Code.
(B) As used in sections 5719.04, 5721.03, and 5721.31 of the Revised Code and in any other sections of the Revised Code to which those sections are applicable, a “newspaper” or “newspaper of general circulation” has the same meaning as in section 7.12 of the Revised Code.