(A) Lands and tenements, including vested legal interests therein, permanent leasehold estates renewable forever, and goods and chattels, not exempt by law, shall be subject to the payment of debts, and liable to be taken on execution and sold as provided in sections 2329.02 to 2329.61 of the Revised Code.
(B) As used in sections 2329.02 to 2329.61 of the Revised Code:
(1) "Commercial property" means any property that is not residential property.
(2) "Private selling officer" means a resident of this state licensed as both an auctioneer under Chapter 4707. of the Revised Code and as a real estate broker or real estate salesperson under Chapter 4735. of the Revised Coders.
(3) "Residential mortgage loan" and "residential property" have the same meanings as in section 2308.01 of the Revised Code.
Amended by 131st General Assembly File No. TBD, HB 390, §101.01, eff. 9/28/2016.
Effective Date: 10-01-1953 .
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