I believe the ref keyword indicates that you are passing the object by reference, not by value. For example:
void myfunction(ref object a) {
a = new Something();
}
would change the value of a in the calling function
However,
void myfunction(object a) {
a = new Something();
}
would change the value of a locally, but not in the calling function. You can still change PROPERTIES of the item, but you cannot set the value of the item itself. For example;
a.someproperty = value;
would work in both cases.