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Ohio Rev. Code § 505.1010

Purchase of property at auction.

Ohio · Chapter 505 | Trustees · Status: effective

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Ohio Rev. Code § 505.1010, Purchase of property at auction, Ohio, version 1 as recorded 2026-08-11, yourstate.us, https://yourstate.us/provision/1166541
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A board of township trustees may purchase real or personal property at public auction by adopting a resolution to designate an individual, officer, or employee to represent the board and tender bids at the auction. Any purchase made at a public auction shall be subject to a maximum purchase price established by resolution of the board or an appraisal obtained before the auction and approved by the board of township trustees. A purchase made under this section shall comply with division (D) of section 5705.41 of the Revised Code.