Ohio Rev. Code § 503.11
Current with legislation from 2024 received as of August 15, 2024.
The board of county commissioners, upon entering a order erecting a new township under section 503.09 of the Revised Code, shall include in such order a proper division of funds on hand, credits, and properties of the original township, between the new township and the municipal corporation eliminated from the township, on the basis of the respective tax duplicates subject to levy for the creation of such funds or credits, or subject to taxation for the creation of the fund from which the property was acquired.
R.C. § 503.11