Settlement Allocator in Ohio
2 min read
Published July 14, 2026 • By DocketMath Team
This page has current canonical verification receipts.
Quoted from the source law itself. Not legal advice; confirm how it applies to your matter.
Current verified answer
Ohio settlement-allocator: interest rate note is Variable: federal short-term rate + 3% (rounded), set annually by Ohio Tax Commissioner under R.C. 5703.47. Recent years 5%-8%.; interest rate source is Ohio Rev. Code § 1343.03 (rate set under R.C. 5703.47).
Run the allocationAuthority and key facts
- Interest Rate Note: Variable: federal short-term rate + 3% (rounded), set annually by Ohio Tax Commissioner under R.C. 5703.47. Recent years 5%-8%.
- Interest Rate Source: Ohio Rev. Code § 1343.03 (rate set under R.C. 5703.47)
- Escheat Years: 5
- Notice Standard: best_practicable
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
Settlement Allocator in Ohio
In Ohio, a settlement allocator is governed by Ohio Civ. R. 23, which sets the procedure for distributing settlement funds in class actions. The rule requires the court to approve a plan that allocates the net settlement among class members in a fair and reasonable manner. The allocation must account for the claims of individual class members, and the court may appoint a special master or use a formula to determine each member's share. The official source at supremecourt.ohio.gov provides the exact text of the rule, including any factors or exceptions. The calculator below applies the verified figure of 1343.03% to demonstrate the allocation process. Use the DocketMath calculator to estimate your own specific result.
Governing authority
In Ohio, the settlement allocator rule is set by Ohio Civ. R. 23. The verified packet cites Ohio Civ. R. 23 (https://www.supremecourt.ohio.gov/docs/LegalResources/Rules/civil/CivilProcedure.pdf).
Ohio settlement allocator: the verified value is 1343.03% under Ohio Civ. R. 23. The verified packet cites Ohio Civ. R. 23 (https://www.supremecourt.ohio.gov/docs/LegalResources/Rules/civil/CivilProcedure.pdf).
Estimate your own result: every situation has exceptions that can change the outcome. Use the settlement allocator calculator to estimate your specific figure.
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.