Ohio Code 5501.332 – Deed releasing donated property
Upon the occurrence of the condition stated in a deed pursuant to division (C) of section 5501.331 of the Revised Code, the director of transportation shall prepare and issue a certification of the occurrence to the grantor or the grantor’s successors or assigns, the governor, and the director of administrative services.
Terms Used In Ohio Code 5501.332
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Grantor: The person who establishes a trust and places property into it.
- Property: means real and personal property. See Ohio Code 1.59
- state: means the state of Ohio. See Ohio Code 1.59
Upon receipt of the certification, the director of administrative services, with the assistance of the attorney general, shall prepare a deed releasing the property donated under section 5501.33 of the Revised Code to the grantor or the grantor’s successors or assigns. The deed shall declare the occurrence of the condition and the consequent reversion. The deed shall be executed by the governor, countersigned by the secretary of state, recorded in the office of the director of administrative services, and delivered to the grantor or the grantor’s successors or assigns.
Last updated August 11, 2021 at 1:34 PM