The title for all lands for the use of the Ohio state university shall be made in fee simple to the state, with covenants of seizin and warranty, and no title shall be taken by the state for the use of the university until the attorney general is satisfied that it is free from all defects and encumbrances. The title in properties, real and personal, purchased by the board of trustees as an investment, and held in the university's endowment portfolio shall not be vested in the state, but shall be held in trust by the said board.
Ohio Rev. Code Ann. § 3335.13
Title to lands and investment properties
Applied in 1 court decision — leading case Daniel v. American Board of Emergency Medicine (1997)
Most recently applied in Daniel v. American Board of Emergency Medicine (November 1997)
Effective: August 17, 1961; Latest Legislation: House Bill 1046 - 104th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.