Ohio Code 4733.30 – Lien definitions
As used in sections 4733.30 to 4733.306 of the Revised Code:
Terms Used In Ohio Code 4733.30
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Professional engineer: means a person registered as a professional engineer under this chapter. See Ohio Code 4733.01
- Professional surveyor: means a person who is registered as a professional surveyor under this chapter. See Ohio Code 4733.01
(A) “Commercial real estate” and “improvement” have the same meanings as in section 4703.20 of the Revised Code.
(B) “Owner” means a person who has a legal or equitable interest in commercial real estate, including a contingent interest, pursuant to an agreement or contract, and who enters into a written contract with a professional engineer or professional surveyor for services to be provided with regard to any such interest in the commercial real estate.
(C) “Professional engineer” means an individual, partnership, corporation, or association providing engineering services pursuant to this chapter.
(D) “Professional surveyor” means an individual, partnership, corporation, or association providing engineering services pursuant to this chapter.
Last updated July 28, 2021 at 2:20 PM