Ohio Code 4969.09 – Application of funds – lien
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The earnings of a railroad in the hands of a receiver, and all other money which comes into his hands as receiver, shall be applied first to pay:
Terms Used In Ohio Code 4969.09
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Property: means real and personal property. See Ohio Code 1.59
(A) Costs and expenses of the suit in which he was appointed;
(B) The expenses of operating and managing the railroad, including materials and supplies procured by him for it;
(C) The liabilities incurred by him in such operation and management.
Judgments recovered against a receiver for injuries to person or property, for wages of employees, for work done, or for materials furnished while he is operating or managing the railroad, shall be a lien on the funds in his hands as receiver, but shall affect him only in his trust capacity and not individually.