Ohio Code 5303.26 – Proceeds of sale
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All money arising from a sale of an estate described in section 5303.21 of the Revised Code, for purposes of descent, succession, reversion, or remainder, has the same character and is governed by the same principles as the estate sold, and passes according to the terms of the deed, will, or other instrument creating the estate.
Terms Used In Ohio Code 5303.26
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.