Ohio Code 2127.11 – Summary proceeding if value of land less than $3,000
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When the actual market value of a decedent‘s or ward’s real property to be sold is less than three thousand dollars, and the court so finds, it may by summary order authorize the sale and conveyance of the real property at private sale, on the terms that it considers proper, and in that proceeding, all requirements of sections 2127.01 to 2127.43 of the Revised Code, as to service of summons, appraisal, and additional bond, shall be waived.
Terms Used In Ohio Code 2127.11
- Appraisal: A determination of property value.
- Bond: includes an undertaking. See Ohio Code 1.02
- Decedent: A deceased person.
- Property: means real and personal property. See Ohio Code 1.59
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Summons: Another word for subpoena used by the criminal justice system.
Last updated April 7, 2022 at 2:35 PM