Ohio Rev. Code § 1119.23 — Ohio Revised Code / Title 11 / Chapter 1119 / § 1119.23
§ 1119.23. Liquidation
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) If the superintendent of financial institutions determines, in accordance with division (A) of section 1119.22 of the Revised Code, any of the conditions set forth in that division exists, the superintendent, in addition to having the authority to revoke the foreign bank's license to operate a representative office, agency, or branch in accordance with section 1119.22 of the Revised Code, also may take possession of the foreign bank's business and property in this state and appoint a receiver for the liquidation of the foreign bank's business and property in this state. (B) The superintendent's taking possession of and appointing a receiver for a foreign bank's business and property in this state pursuant to division (A) of this section, and the liquidation of the foreign bank's business and property in this state, shall, except as provided in divisions (B)(1) and (2) of this section, be conducted in accordance with the procedures and is subject to the rights, powers, duties, requirements, and limitations provided in Chapter 1125. of the Revised Code for taking possession of the business and property and liquidation of a state bank. (1) After payment of the expenses of the liquidation and claims against the foreign bank arising from its doing business in this state in accordance with section 1125.24 of the Revised Code, any remaining funds from the liquidation of the foreign bank's business and property in this state shall be distributed in the following manner: (a) If the foreign bank's business and property is being liquidated in another state of the United States, the receiver shall distribute any remaining funds from the liquidation of the foreign bank's business and property in this state to the receiver in the other state for the payment of expenses of liquidation and claims against the foreign bank's business and property in the other state. (b) If the foreign bank's business and property is being liquidated in more than one other state of the United States, the receiver shall equitably distribute any remaining funds from the liquidation of the foreign bank's business and property in this state among the receivers in the other states for the payment of the expenses of liquidation and claims against the foreign bank's business and property in the other states. (c) If there is no liquidation of the business and property of the foreign bank occurring in any other state of the United States, the receiver shall pay any remaining funds from the liquidation of the business and property of the foreign bank in this state to the domiciliary receiver of the foreign bank or, if there is no domiciliary receiver, to the foreign bank. (2)(a) When the receiver has completed the liquidation of the foreign bank's business and property in this state, the receiver shall, with notice to the superintendent, file a petition with the court for an order declaring that the foreign bank's business in this state is properly wound up in the manner provided in section 1125.29 of the Revised Code. Upon the filing of a petition as provided in this division, the court shall proceed as provided in section 1125.29 of the Revised Code. (b) An order issued by the court pursuant to a petition filed in accordance with division (B)(2)(a) of this section shall do all things required by section 1125.29 of the Revised Code, but shall only declare that the foreign bank's business in this state has been properly wound up and shall not declare that the foreign bank is dissolved. The court may make whatever additional orders and grant whatever additional relief the court determines proper upon the evidence submitted. (c) Once the court issues the order declaring that the foreign bank's business in this state is properly wound up, the foreign bank shall cease doing business in this state except for any further winding up. (d) Once the court issues the order declaring the foreign bank's business in this state is properly wound up, the receiver shall promptly file a copy of the order, certified by the clerk of the court, with both the secretary of state and the superintendent.
Ohio Rev. Code § 1123.04 — Ohio Revised Code / Title 11 / Chapter 1123 / § 1123.04
§ 1123.04. Immunity of banking commission members
Status: in_force

January 1, 1997 House Bill 670 - 121st General Assembly Neither the deputy superintendent for banks nor any other member of the banking commission is liable, in any civil or criminal action or proceeding, for any mistake of judgment or discretion in any action taken, or in any omission made, by the member in good faith. Disclaimer Contact About
Ohio Rev. Code § 1111.04 — Ohio Revised Code / Title 11 / Chapter 1111 / § 1111.04
§ 1111.04. Trust company pledging securities
Status: in_force

October 3, 2023 House Bill 33 - 135th General Assembly (A) Prior to soliciting or engaging in trust business in this state, a trust company shall pledge to the superintendent of financial institutions interest bearing securities authorized in division (B) of this section, having a par value, not including unaccrued interest, of one hundred thousand dollars, and approved by the superintendent. The trust company may pledge the securities either by delivery to the superintendent or by placing the securities with a qualified trustee for safekeeping to the account of the superintendent of financial institutions, the corporate fiduciary, and any other person having an interest in the securities under Chapter 1109. of the Revised Code, as their respective interests may appear and be asserted by written notice to or demand upon the qualified trustee or by order of judgment of a court. (B) Securities pledged by a trust company to satisfy the requirements of division (A) of this section shall be one or more of the following: (1) Bonds, notes, or other obligations of or guaranteed by the United States or for which the full faith and credit of the United States is pledged for the payment of principal and interest; (2) Bonds, notes, debentures, or other obligations or securities issued by any agency or instrumentality of the United States; (3) General obligations of this or any other state of the United States or any subdivision of this or any other state of the United States. (C) The superintendent of financial institutions shall review, approve, and accept delivery of securities pursuant to this section and shall issue a written acknowledgment of the delivery of the securities or the qualified trustee's receipt and the superintendent's approval to the trust company. (D) The superintendent shall approve securities to be pledged by a trust company pursuant to this section if the securities are all of the following: (1) Interest bearing and of the value required by division (A) of this section; (2) Of one or more of the kinds authorized by division (B) of this section and not a derivative of or merely an interest in any of those securities; (3) Not in default. (E) The superintendent of financial institutions shall permit a trust company to pledge securities in substitution for securities pledged pursuant to this section and the withdrawal of the securities substituted for so long as the securities remaining pledged satisfy the requirements of division (A) of this section. The superintendent shall permit a trust company to collect interest paid on securities pledged pursuant to this section so long as the trust company is solvent. The superintendent shall permit a trust company to withdraw securities pledged pursuant to this section when the trust company has ceased to solicit or engage in trust business in this state. (F) For purposes of this section, a qualified trustee is a federal reserve bank, a federal home loan bank, a trust company as defined in section 1101.01 of the Revised Code, or a national bank or federal savings association that has pledged securities pursuant to this section, is authorized to accept and execute trusts, and is doing business under authority granted by the office of the comptroller of the currency. However, a national bank or federal savings association doing business under authority granted by the office of the comptroller of the currency or a trust company may not act as a qualified trustee for securities it or any of its affiliates is pledging pursuant to this section. (G) The superintendent, with the approval of the attorney general, shall prescribe the form of all receipts and acknowledgments provided for by this section, and upon request shall furnish a copy of each form, with the superintendent's certification attached, to each qualified trustee eligible to hold securities for safekeeping under this section. Last updated August 30, 2023 at 9:31 AM
Ohio Rev. Code § 1112.10 — Ohio Revised Code / Title 11 / Chapter 1112 / § 1112.10
§ 1112.10. More than one place of business
Status: in_force

September 14, 2016 House Bill 229 - 131st General Assembly Not more than one place of business shall be maintained under the same license issued under this chapter, but the superintendent of financial institutions may issue additional licenses to the same licensee. For every additional place of business in this state, the licensee shall submit an application in the form prescribed by the superintendent and pay a one-time nonrefundable fee of five hundred dollars. For every additional place of business outside of this state, the licensee shall give written notice thereof to the superintendent.
Ohio Rev. Code § 1116.07 — Ohio Revised Code / Title 11 / Chapter 1116 / § 1116.07
§ 1116.07. Reorganization plans
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly Each reorganization plan submitted with a mutual holding company reorganization application shall contain a description of all significant terms of the proposed reorganization and include all of the following: (A) Any proposed stock issuance plan; (B) An opinion of counsel, or a ruling from the United States internal revenue service and the Ohio department of taxation, as to the federal and state tax treatment of the proposed reorganization; (C) A copy of the articles of incorporation and code of regulations of the proposed mutual holding company, the resulting stock state bank, and any affiliate organizations in the holding company structure; (D) A description of the method of reorganization under this chapter; (E) A statement that, upon consummation of the reorganization, certain assets and liabilities, including all deposit accounts of the reorganizing mutual state bank, shall be transferred to the resulting stock state bank, which bank shall immediately become a stock state bank subsidiary of the mutual holding company or subsidiary holding company; (F) A summary of the expenses to be incurred in connection with the reorganization; (G) Any other information required by the superintendent of financial institutions.
Ohio Rev. Code § 1121.27 — Ohio Revised Code / Title 11 / Chapter 1121 / § 1121.27
§ 1121.27. Reasonable and necessary conditions
Status: in_force

January 1, 1997 House Bill 538 - 121st General Assembly If, under Chapters 1101. to 1127. of the Revised Code, a proposed action or transaction is subject to the approval of the superintendent of financial institutions and the superintendent is permitted to condition that approval, any condition imposed by the superintendent shall be reasonable and necessary.
Ohio Rev. Code § 1121.41 — Ohio Revised Code / Title 11 / Chapter 1121 / § 1121.41
§ 1121.41. Notice of charges and intent to issue supervision order
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) The superintendent of financial institutions may issue and serve a notice of charges and intent to issue an order placing a bank or trust company under supervision and appointing a supervisor for the bank or trust company, if, in the opinion of the superintendent, any of the following applies: (1) In the case of a bank, any of the conditions listed in section 1125.09 of the Revised Code for appointing a conservator or in section 1125.18 of the Revised Code for taking possession of a bank and appointing a receiver, exists. (2) In the case of a trust company, any of the conditions listed in section 1111.32 of the Revised Code for revoking a license to do trust business, exists. (3) The bank or trust company is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its shareholders, depositors, its creditors, or the public. (B) The notice of charges and intent to issue an order placing a bank or trust company under supervision and appointing a supervisor shall include all of the following: (1) A statement of the alleged basis for the superintendent's placing the bank or trust company under supervision and appointing a supervisor and the period for supervision; (2) A statement of the facts supporting the superintendent's placing the bank or trust company under supervision and appointing a supervisor; (3) A statement of the requirements to abate the superintendent's placing the bank or trust company under supervision and appointing a supervisor; (4) A statement, in accordance with division (D) of this section, of actions the bank or trust company would be prohibited from undertaking during the period of supervision without the prior approval of the superintendent or the supervisor appointed by the superintendent; (5) Notice of both of the following: (a) The bank or trust company is entitled to a hearing, conducted in accordance with section 1121.38 of the Revised Code, to determine whether the superintendent should issue an order placing the bank or trust company under supervision and appointing a supervisor, if the bank or trust company requests the hearing within thirty days after service of the superintendent's notice of charges and intent to issue an order placing the bank or trust company under supervision and appointing a supervisor; (b) Failure to request the hearing in the time allowed, or failure to appear at a hearing timely requested, is consent to the issuance of the order placing the bank or trust company under supervision and appointing a supervisor. (6) Notice that if the bank or trust company makes a timely request for a hearing, all of the following apply: (a) The bank or trust company may appear at the hearing in person, by attorney, or by presenting positions, arguments, and contentions in writing. (b) At the hearing the bank or trust company may present evidence and examine witnesses for and against the bank or trust company. (c) The hearing will be set for a date within ten days after the superintendent's receipt of the request for the hearing or a later date mutually agreed to by the bank or trust company and the superintendent. (C) The superintendent may issue an order placing the bank or trust company under supervision and appointing a supervisor, if either of the following applies: (1) The bank or trust company consents to the issuance of the order; (2) Upon the record of the hearing the superintendent finds any of the following: (a) In the case of a bank, any of the conditions listed in section 1125.09 of the Revised Code for appointing a conservator or in section 1125.18 of the Revised Code for taking possession of a bank and appointing a receiver, exists. (b) In the case of a trust company, any of the conditions listed in section 1111.32 of the Revised Code for revoking a license to do trust business, exists. (c) The bank or trust company is in such condition that further transaction of business would be hazardous to its shareholders, its depositors, its creditors, or the public. (D) An order placing a bank or trust company under supervision and appointing a supervisor may prohibit the bank or trust company from doing any of the following during the period of supervision without the prior approval of either the superintendent or the supervisor appointed by the superintendent: (1) Disposing of, conveying, or encumbering any of its assets; (2) Withdrawing any of its bank accounts; (3) Lending any of its funds; (4) Investing any of its funds; (5) Transferring any of its property; (6) Incurring any debt, obligation, or liability; (7) Taking any other action specified in the order. (E) An order placing a bank or trust company under supervision and appointing a supervisor is effective at the time specified in the order which, in the case of an order issued pursuant to division (C)(2) of this section, shall not be less than thirty days after service of the order on the bank or trust company. (F) An order placing a bank or trust company under supervision and appointing a supervisor remains effective and enforceable as provided in the order, except to the extent the order is stayed, modified, terminated, or set aside by action of the superintendent or a reviewing court. (G) The cost incident to the supervisor's service shall be fixed and determined by the superintendent, and shall be a charge against the assets and funds of the bank or trust company to be allowed and paid as the superintendent determines.
Ohio Rev. Code § 1114.01 — Ohio Revised Code / Title 11 / Chapter 1114 / § 1114.01
§ 1114.01. Governance
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly A mutual state bank and the rights and liabilities of its members shall be governed by its articles of incorporation, code of regulations, and bylaws and by this chapter.
Ohio Rev. Code § 1127.03 — Ohio Revised Code / Title 11 / Chapter 1127 / § 1127.03
§ 1127.03. Unlawful fees for procuring bank or trust company services
Status: in_force

January 1, 1997 House Bill 538 - 121st General Assembly (A) No regulated person shall, except as provided by law, stipulate for or receive any fee, commission, gift, or thing of value from any person for procuring or endeavoring to procure for that person, or for any other person, any loan, extension or renewal of a loan, or substitution of security from any bank or trust company, or the purchase, discount, or acceptance of any paper, note, draft, check, or bill of exchange by any bank or trust company. (B) Division (A) of this section does not prohibit any bona fide salary, wages, fees, or other compensation paid, or expenses reimbursed, in the usual course of business by a bank or trust company to a regulated person, or normal business amenities that facilitate the discussion of business, foster good business relations, or serve some other demonstrable business purpose.
Ohio Rev. Code § 1121.23 — Ohio Revised Code / Title 11 / Chapter 1121 / § 1121.23
§ 1121.23. Criminal records check to be requested by superintendent
Status: in_force

October 3, 2023 House Bill 33 - 135th General Assembly (A) As used in this section: (1) "Control" means either of the following: (a) The power to vote, directly or indirectly, at least twenty-five per cent of outstanding voting shares or voting interests of a licensee or person in control of a licensee; (b) The power to elect or appoint a majority of executive officers or directors. (2) "Director" means an individual elected to serve as the director of a for-profit corporation pursuant to section 1701.55 of the Revised Code or an individual elected to serve as the director of a nonprofit corporation pursuant to section 1702.26 of the Revised Code. (3) "Executive officer" means president, treasurer, secretary, any individual at or above the senior vice-president level or its functional equivalent, any individual at the vice-president level or its functional equivalent if the organization does not have senior vice-presidents, and "manager" as that term is defined in section 1706.01 of the Revised Code. (4) "Incorporator" has the same meaning as in section 1701.01 of the Revised Code. (5) "Organizer" has the same meaning as in section 1706.01 of the Revised Code. (B)(1) A person is presumed to exercise control when the person holds the power to vote, directly or indirectly, at least ten per cent of outstanding voting shares or voting interests of a licensee or person in control of a licensee. (2) A person presumed to exercise control under division (B)(1) of this section can rebut the presumption by establishing, by a preponderance of the evidence, that the person is a passive investor. (C) For purposes of determining the percentage of a person controlled by any person, the person's interest shall be aggregated with the interest of any other immediate family member, including the person's spouse, parents, children, siblings, mothers- and fathers-in law, sons- and daughters-in law, brothers- and sisters-in law, and any other person who shares such person's home. (D) Whenever the approval of the superintendent of financial institutions is required under Chapters 1101. to 1127. of the Revised Code, or under an order or supervisory action issued or taken under those chapters, for a person to serve as an organizer, incorporator, director, executive officer, or person who exercises control, the superintendent shall request the superintendent of the bureau of criminal identification and investigation, or a vendor approved by the bureau, to conduct a criminal records check based on the person's fingerprints in accordance with section 109.572 of the Revised Code. The superintendent of financial institutions shall request that criminal record information from the federal bureau of investigation be obtained as part of the criminal records check. Any fee required under division (C)(3) of section 109.572 of the Revised Code shall be paid by the person who is the subject of the request. (E) Nothing in this section prohibits the superintendent of financial institutions from conditionally approving a person to serve as an organizer, incorporator, director, executive officer, or person who exercises control, subject to receiving satisfactory results of the criminal records check. If the superintendent does not receive the results within ninety days after the criminal records check was requested, the superintendent may extend the conditional approval for not more than ninety days. Last updated September 12, 2023 at 11:15 AM
Ohio Rev. Code § 1125.13 — Ohio Revised Code / Title 11 / Chapter 1125 / § 1125.13
§ 1125.13. Conduct of business during conservatorship
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly During the period of the conservatorship, all of the following apply: (A) The conservator may permit the state bank to continue to conduct its usual business, including the acceptance of deposits. (B) The obligations of the state bank shall continue to bear interest at the rate contracted. (C) The conservator shall make whatever reports to the superintendent of financial institutions the superintendent may from time to time require.
Ohio Rev. Code § 1112.03 — Ohio Revised Code / Title 11 / Chapter 1112 / § 1112.03
§ 1112.03. Licensure
Status: in_force

September 14, 2016 House Bill 229 - 131st General Assembly (A)(1) A family trust company may be, but is not required to be, licensed under this chapter. If a family trust company does not apply for a license under this chapter, it is not subject to supervision by the superintendent of financial institutions, so long as the family trust company meets the criteria as set forth in this chapter for an unlicensed family trust company. It shall, however, before commencing operations as a family trust company and annually thereafter, submit to the superintendent an affidavit signed by a senior officer of the family trust company verifying that the family trust company meets all of the requirements set forth under this chapter to transact business as an unlicensed family trust company in this state. The superintendent may charge and collect a fee from the unlicensed family trust company when the unlicensed family trust company files the affidavit with the superintendent. (2) If the superintendent requires a fee under division (A)(1) of this section, the superintendent shall adopt rules in accordance with Chapter 119. of the Revised Code to establish the amount of the fee. (B) Except as otherwise provided in this chapter, a family trust company licensed under this chapter is not subject to any other chapter of Title XI of the Revised Code.
Ohio Rev. Code § 1115.23 — Ohio Revised Code / Title 11 / Chapter 1115 / § 1115.23
§ 1115.23. Interim banks
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) Any person, singly or jointly with others, may, with the approval of the superintendent of financial institutions, incorporate an interim bank for the purpose of facilitating the creation of a bank holding company, the acquisition of or transaction with an existing bank, savings association, or savings bank, or any other transaction the superintendent may approve. Prior to commencing business, an interim bank shall be a party to a reorganization with an existing bank, savings association, or savings bank pursuant to this chapter. (B) The person or persons proposing to incorporate an interim bank under this section shall make application for approval of the proposed interim bank in the manner and form prescribed by the superintendent, which shall include delivering to the division of financial institutions the items required in divisions (B)(1) and (2) of section 1113.02 of the Revised Code. (C) Approval of the interim bank pursuant to this section does not authorize the interim bank to commence business. Approval of the interim bank shall be specifically conditioned on approval of the subsequent reorganization. The approval of the interim bank becomes void, and the interim bank shall be dissolved, if the reorganization is not approved and consummated within one year after the approval of the interim bank, unless the superintendent grants one or more extensions in writing. If no extension is granted or upon the expiration of the last extension granted, the interim bank shall provide the superintendent with the necessary dissolution certificates and affidavits for the superintendent to file the dissolution with the secretary of state. (D) The superintendent shall not disapprove an interim bank charter solely because the interim bank's paid-in capital and surplus do not aggregate more than five hundred dollars.
Ohio Rev. Code § 1111.28 — Ohio Revised Code / Title 11 / Chapter 1111 / § 1111.28
§ 1111.28. Court order for investigation of trust
Status: in_force

January 1, 1997 House Bill 538 - 121st General Assembly (A) Any judge of a court by order of which a trust company is acting in a fiduciary capacity may, upon the judge's own motion or upon the written application of any party interested in the trust estate, appoint suitable persons to investigate the affairs and management of the trust company concerning the trust. The persons who conduct the investigation shall make a sworn report to the court of the investigation. The expense of the investigation shall be taxed as costs, either against the party requesting it or against the assets of the trust, as the court decrees. The court may examine any officers of the trust company, under oath or affirmation, as to the trust, or as to the affairs and management of the trust company, while the court is considering its appointment. The examination and answers of an authorized officer of a trust company under oath shall be received as the examination and answers of the trust company. The court may compel any of the officers of the trust company to attend these examinations and to answer questions relating to the proceedings. (B) For any cause applicable to natural persons serving in the same capacity, the court may order that the trust company promptly settle the trust.
Ohio Rev. Code § 1114.05 — Ohio Revised Code / Title 11 / Chapter 1114 / § 1114.05
§ 1114.05. Authorized capital
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) As used in the section, "authorized capital" means the initial funding required to organize a mutual state bank. (B) The authorized capital of a mutual state bank shall be of such amount as the superintendent of financial institutions may determine based upon the amount and character of the anticipated business of the bank and the safety of prospective depositors. In addition, the superintendent may, in the superintendent's discretion, fix the amount of the expense fund for operating losses to be created by nonrefundable contributions. (C) The organization of the mutual state bank may be completed when a sum equal to five per cent of the authorized capital, as determined by the superintendent, is paid in and the names and addresses of its officers, its code of regulations, and its bylaws have been filed with and approved by the superintendent. (D) Five years after the mutual state bank commences business, any remaining balance in the expense fund shall be transferred to retained earnings, if the bank is on a profitable operating basis as determined by the superintendent.
Ohio Rev. Code § 1103.03 — Ohio Revised Code / Title 11 / Chapter 1103 / § 1103.03
§ 1103.03. Authority of state bank board of directors
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly Except where the law of this state, the articles of incorporation, or the code of regulations require action to be authorized or taken by shareholders, all of the authority of a state bank shall be exercised by or under the direction of the board of directors in accordance with Chapter 1105. of the Revised Code.
Ohio Rev. Code § 1109.15 — Ohio Revised Code / Title 11 / Chapter 1109 / § 1109.15
§ 1109.15. Permitted transactions
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A)(1) Subject to the restrictions and limitations of the Revised Code, a state bank may do any of the following: (a) Loan money, with or without security, and payable on demand, at maturity, in installments, or by any combination of these; (b) Issue, advise, and confirm letters of credit authorizing the beneficiaries of the letters to draw upon the bank or its correspondents; (c) Purchase open accounts, whether or not the accounts represent an evidence of debt. (2) Subject to the margin requirements the superintendent of financial institutions may prescribe by rule, a state bank may make loans secured by stocks, bonds, or other securities. (B) Subject to sections 1109.22 , 1109.32 , and 1109.47 of the Revised Code and any rules the superintendent prescribes, a state bank may purchase obligations of any kind with or without recourse. (C) A state bank may acquire personal property for lease to others, if the transaction, as a whole, has the character of an extension of credit. (D)(1) Subject to division (D)(2) of this section, any other restrictions and limitations of the Revised Code, and any conditions, restrictions, or requirements established by the superintendent, a state bank may enter into a debt suspension agreement or debt cancellation contract with a borrower or borrowers in connection with any loan or extension of credit. (2) A state bank shall not offer or finance, directly or indirectly, a debt suspension agreement or debt cancellation contract requiring a lump sum, single payment for the agreement or contract payable at the outset of the agreement or contract, if the debt subject to the agreement or contract is secured by one to four family, residential real property. (3) For purposes of division (D) of this section, "debt cancellation contract" and "debt suspension agreement" have the same meanings as in 12 C.F.R part 37, as amended.
Ohio Rev. Code § 1103.02 — Ohio Revised Code / Title 11 / Chapter 1103 / § 1103.02
§ 1103.02. Legal existence of state banks
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly When the articles of incorporation and the superintendent of financial institutions' certificate of approval are filed with the secretary of state, the persons who have subscribed them or their successors and assigns shall become a body corporate by the name designated in the articles of incorporation, with succession. The legal existence of the state bank begins upon the filing of the articles of incorporation and, unless the articles of incorporation otherwise provide, its period of existence is perpetual.
Ohio Rev. Code § 1109.75 — Ohio Revised Code / Title 11 / Chapter 1109 / § 1109.75
§ 1109.75. Securitization
Status: in_force

July 1, 2001 Senate Bill 74 - 124th General Assembly (A) Notwithstanding any other provision of law, to the extent set forth in the transaction documents relating to a securitization: (1) Any property, assets, or rights purported to be transferred, in whole or in part, in a securitization shall be deemed to no longer be the property, assets, or rights of the transferor. (2) A transferor in a securitization, the transferor's creditors, or a bankruptcy trustee, receiver, or similar person in an insolvency proceeding involving the transferor shall have no rights whatsoever to reacquire, reclaim, recover, redeem, or recharacterize as property of the transferor any property, assets, or rights purported to be transferred, in whole or in part, by the transferor. (3) In the event of the transferor's bankruptcy, receivership, or other insolvency proceedings, the property, assets, or rights purported to have been transferred by the transferor, in whole or in part, in a securitization shall not be deemed to be part of the transferor's property, assets, rights, or estate. (B) Nothing contained in this section shall be deemed to require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as a debt for federal or state tax purposes. (C) As used in this section, "securitization" means a transfer of financial assets by a financial institution insured by the federal deposit insurance corporation (FDIC) to a special purpose entity established to issue securities supported by the financial assets to investors. Disclaimer Contact About
Ohio Rev. Code § 1125.21 — Ohio Revised Code / Title 11 / Chapter 1125 / § 1125.21
§ 1125.21. Title vested in receiver
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly Upon the superintendent of financial institutions' appointment of a receiver, title to all of the state bank's assets shall vest in the receiver without the execution of any instrument of conveyance, assignment, transfer, or endorsement.
Ohio Rev. Code § 1112.99 — Ohio Revised Code / Title 11 / Chapter 1112 / § 1112.99
§ 1112.99. Penalty for divulgence of confidential material
Status: in_force

September 14, 2016 House Bill 229 - 131st General Assembly Whoever violates division (B) of section 1112.23 of the Revised Code is guilty of a felony of the fourth degree. Disclaimer Contact About
Ohio Rev. Code § 1121.43 — Ohio Revised Code / Title 11 / Chapter 1121 / § 1121.43
§ 1121.43. Monthly publication by superintendent of violations
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) Except as provided in division (B) of this section, the superintendent of financial institutions shall make available to the public on a monthly basis all of the following: (1) Any written agreement or other writing for which a violation may be enforced by the superintendent; (2) Any final order issued pursuant to section 1121.32 , 1121.33 , 1121.34 , 1121.35 , or 1121.41 of the Revised Code; (3) Any modification or termination of an agreement, other writing, or order made available to the public pursuant to this section. (B)(1) If, in the superintendent's discretion, the superintendent determines that making a written agreement or other writing available to the public pursuant to division (A)(1) of this section would be contrary to the public interest, the superintendent shall not make it available to the public. (2) If the superintendent determines that making a final order available to the public pursuant to division (A)(2) of this section would seriously threaten the safety and soundness of a state bank or trust company, the superintendent may delay making it available for a reasonable time.
Ohio Rev. Code § 1116.18 — Ohio Revised Code / Title 11 / Chapter 1116 / § 1116.18
§ 1116.18. Powers
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly Subject to all necessary regulatory notices or approvals, a mutual holding company organized under this chapter may do all of the following: (A) Acquire a bank organized in mutual or stock form by merger of such bank with the subsidiary stock state bank, interim subsidiary stock bank, or subsidiary stock holding company of the mutual holding company; (B) Merge with or acquire another holding company provided that such holding company has, as one of its subsidiaries, a subsidiary banking corporation; (C) Exercise any power of, or engage in any activity permitted for, a mutual state bank; (D) Engage directly or indirectly only in such activities as are permissible activities for bank holding companies under applicable state and federal law or regulations; (E) Invest in the stock of a bank; (F) Exercise any rights, waive any rights, or take or waive any other action with respect to any securities of any subsidiary stock state bank or subsidiary stock holding company that are held by the mutual holding company.
Ohio Rev. Code § 1121.38 — Ohio Revised Code / Title 11 / Chapter 1121 / § 1121.38
§ 1121.38. Administrative hearing
Status: in_force

October 3, 2023 House Bill 33 - 135th General Assembly (A)(1) An administrative hearing provided for in section 1121.32 , 1121.33 , 1121.35 , or 1121.41 of the Revised Code shall be held in the county in which the principal place of business of the bank or trust company or residence of the regulated person is located, unless the bank, trust company, or regulated person requesting the hearing consents to another place. Within ninety days after the hearing, the superintendent of financial institutions shall render a decision, which shall include findings of fact upon which the decision is predicated, and shall issue and serve on the bank, trust company, or regulated person the decision and an order consistent with the decision. Judicial review of the order is exclusively as provided in division (B) of this section. Unless a notice of appeal is filed in a court of common pleas within thirty days after service of the superintendent's order as provided in division (B) of this section, and until the record of the administrative hearing has been filed, the superintendent may, at anytime, upon the notice and in the manner the superintendent considers proper, modify, terminate, or set aside the superintendent's order. After filing the record, the superintendent may modify, terminate, or set aside the superintendent's order with permission of the court. (a) A hearing provided for in section 1121.32 , 1121.35 , or 1121.41 of the Revised Code shall be confidential, unless the superintendent determines that holding an open hearing would be in the public interest. Within twenty days after service of the notice of a hearing, a respondent may file a written request for a public hearing with the superintendent. A respondent's failure to file such a request constitutes a waiver of any objections to a confidential hearing. (b) A hearing provided for in section 1121.33 of the Revised Code shall be an open hearing. Within twenty days after service of the notice of a hearing, a respondent may file a written request for a confidential hearing with the superintendent. If such a request is received by the superintendent, the hearing shall be confidential unless the superintendent determines that holding an open hearing would be in the public interest. (2) In the course of, or in connection with, an administrative hearing governed by this section, the superintendent, or a person designated by the superintendent to conduct the hearing, may administer oaths and affirmations, take or cause depositions to be taken, and issue, revoke, quash, or modify subpoenas and subpoenas duces tecum. At any administrative hearing required by section 1121.32 , 1121.33 , 1121.35 , or 1121.41 of the Revised Code, the record of which may be the basis of an appeal to court, a stenographic record of the testimony and other evidence submitted shall be taken at the expense of the division of financial institutions. The record shall include all of the testimony and other evidence, and any rulings on the admissibility thereof, presented at the hearing. The superintendent may adopt rules regarding these hearings. The attendance of witnesses and the production of documents provided for in this section may be required from any place within or outside the state. A party to a hearing governed by this section may apply to the court of common pleas of Franklin county, or the court of common pleas of the county in which the hearing is being conducted or the witness resides or carries on business, for enforcement of a subpoena or subpoena duces tecum issued pursuant to this section, and the courts have jurisdiction and power to order and require compliance with the subpoena. Witnesses subpoenaed under this section shall be paid the fees and mileage provided for under section 119.094 of the Revised Code. As used in this division, "stenographic record" means a record provided by stenographic means or by the use of audio electronic recording devices, as the division of financial institutions determines. (B)(1) A bank, trust company, or regulated person against whom the superintendent issues an order upon the record of a hearing under the authority of section 1121.32 , 1121.33 , 1121.35 , or 1121.41 of the Revised Code may obtain a review of the order by filing a notice of appeal in the court of common pleas in the county in which the principal place of business of the bank, trust company, or regulated person, or residence of the regulated person, is located, or in the court of common pleas of Franklin county, within thirty days after the date of service of the superintendent's order. The clerk of the court shall promptly transmit a copy of the notice of appeal to the superintendent. Within thirty days after receiving the notice of appeal, the superintendent shall file a certified copy of the record of the administrative hearing with the clerk of the court. In the event of a private hearing, the record of the administrative hearing shall be filed under seal with the clerk of the court. Upon the filing of the notice of appeal, the court has jurisdiction, which upon the filing of the record of the administrative hearing is exclusive, to affirm, modify, terminate, or set aside, in whole or in part, the superintendent's order. (2) The commencement of proceedings for judicial review pursuant to division (B) of this section does not, unless specifically ordered by the court, operate as a stay of any order issued by the superintendent. If it appears to the court an unusual hardship to the appellant bank, trust company, or regulated person will result from the execution of the superintendent's order pending determination of the appeal, and the interests of depositors and the public will not be threatened by a stay of the order, the court may grant a stay and fix its terms. (C) The superintendent may, in the sole discretion of the superintendent, apply to the court of common pleas of the county in which the principal place of business of the bank, trust company, or regulated person, or residence of the regulated person, is located, or the court of common pleas of Franklin county, for the enforcement of an effective and outstanding superintendent's order issued under section 1121.32 , 1121.33 , 1121.34 , 1121.35 , or 1121.41 of the Revised Code, and the court has jurisdiction and power to order and require compliance with the superintendent's order. In an action by the superintendent pursuant to this division to enforce an order assessing a civil penalty issued under section 1121.35 of the Revised Code, the validity and appropriateness of the civil penalty is not subject to review. (D) No court has jurisdiction to affect, by injunction or otherwise, the issuance or enforcement of an order issued under section 1121.32 , 1121.33 , 1121.34 , 1121.35 , or 1121.41 of the Revised Code or to review, modify, suspend, terminate, or set aside an order issued under section 1121.32 , 1121.33 , 1121.34 , 1121.35 , or 1121.41 of the Revised Code, except as provided in this section, in division (G) of section 1121.32 of the Revised Code for an order issued pursuant to division (C)(3) or (4) of section 1121.32 of the Revised Code, or in division (A)(3) of section 1121.34 of the Revised Code for an order issued pursuant to division (A)(1) of section 1121.34 of the Revised Code. (E) Nothing in this section or in any other section of the Revised Code or rules implementing this or any other section of the Revised Code shall prohibit or limit the superintendent from doing any of the following: (1) Issuing orders pursuant to section 1121.32 , 1121.33 , 1121.34 , 1121.35 , or 1121.41 of the Revised Code; (2) Individually or contemporaneously taking any other action provided by law or rule with respect to a bank, trust company, or regulated person; (3) Taking any action provided by law or rule with respect to a bank, trust company, or regulated person, whether alone or in conjunction with another regulatory agency or authority. Last updated August 9, 2023 at 12:01 PM
Ohio Rev. Code § 1111.12 — Ohio Revised Code / Title 11 / Chapter 1111 / § 1111.12
§ 1111.12. Use of trust companies by courts
Status: in_force

January 1, 1997 House Bill 538 - 121st General Assembly (A) Any court in this state may direct moneys or property that are under its control, paid into court by parties to legal proceedings, or brought into court by reason of an order, judgment, or decree, to be placed with a trust company for safekeeping. (B) Any court in this state may appoint a trust company to act as executor, administrator, assignee, guardian, receiver, or trustee, or in any other fiduciary capacity, for any estate or property of any kind. (C) No trust company shall be required by a court to assume or execute any trust the trust company has not consented to assume or execute.
Ohio Rev. Code § 1105.11 — Ohio Revised Code / Title 11 / Chapter 1105 / § 1105.11
§ 1105.11. Personal liability
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) A director, officer, employee, or other institution-affiliated party of a bank shall not be personally and individually liable for direct or indirect damages the bank, its shareholders or members, or any other person sustains in consequence of a violation of or failure to comply with any provision of Chapters 1101. to 1127. of the Revised Code or the rules adopted under those chapters, including any civil money penalties, unless it can be shown that the director, officer, employee, or other institution-affiliated party knowingly violated or failed to comply with that provision of law or, with respect to a director's liability, that the director knowingly permitted any of the officers, employees, or other institution-affiliated parties to violate or fail to comply with any such provision. (B) Nothing in this section shall be construed to deprive a director of the defenses set forth in section 1701.59 of the Revised Code. Disclaimer Contact About
Ohio Rev. Code § 1115.06 — Ohio Revised Code / Title 11 / Chapter 1115 / § 1115.06
§ 1115.06. Notifying superintendent of proposed acquisition
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) As used in this section: (1) "Control" of a state bank means either of the following: (a) Power, directly or indirectly, to direct the management or policies of a state bank; (b) Ownership or control of or power to vote twenty-five per cent or more of any class of voting securities of a state bank. (2) "State bank" includes any bank holding company that controls a state bank, and any other company that controls a state bank and is not a bank holding company. (B)(1) No person, acting directly or indirectly or through or in concert with one or more other persons, shall acquire control of a state bank through a purchase, assignment, transfer, pledge, or other disposition of voting securities of a state bank unless the superintendent of financial institutions has been given sixty days' prior written notice of the proposed acquisition and within that sixty days the superintendent has not done either of the following: (a) Disapproved the acquisition; (b) Extended the time during which the superintendent may disapprove the acquisition, as provided in division (B)(2) of this section. (2) The superintendent may extend the time during which the superintendent may disapprove a proposed acquisition of control, as follows: (a) For an additional thirty days in the discretion of the superintendent; (b) For two additional extensions of not more than forty-five days each, if any of the following applies: (i) The superintendent determines any acquiring party has not furnished all of the information required under division (C) of this section. (ii) In the superintendent's judgment, any material information submitted is substantially inaccurate. (iii) The superintendent has been unable to complete the investigation of an acquiring person under division (E)(1) of this section because of any delay caused by, or the inadequate cooperation of, that acquiring person. (iv) The superintendent determines additional time is needed to investigate and determine whether any acquiring person has a record of failing to comply with the requirements of subchapter II of chapter 53 of subtitle IV of Title 31 of the United States Code. (3) An acquisition may be made prior to the expiration of the disapproval period if the superintendent issues written notice of the superintendent's intent not to disapprove the acquisition of control. (C) A notice required under division (B) of this section shall contain such information as the superintendent may require by rule. (D) Unless the superintendent determines an emergency exists or disclosure of a proposed acquisition of control would seriously threaten the safety or soundness of the state bank, each person who gives a notice required under division (B) of this section shall, within a reasonable time after receiving the superintendent's acceptance of the notice, do both of the following: (1) Publish the name of the state bank proposed to be acquired and the name of each person identified in the notice as a person by whom or for whom the acquisition is to be made; (2) Solicit public comment on the proposed acquisition, particularly from persons in the geographic area where the state bank proposed to be acquired is located, before final consideration of the notice by the superintendent. (E) Upon accepting a notice required under division (B) of this section, the superintendent shall do both of the following: (1) Conduct an investigation of the competence, experience, integrity, and financial ability of each person named in the notice as a person by whom or for whom the acquisition is to be made; (2) Make an independent determination of the accuracy and completeness of all information required to be in the notice. (F) The superintendent may disapprove any proposed acquisition of control if the superintendent finds any of the following: (1) The proposed acquisition of control would result in a monopoly or further any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of this state or any markets served by the state bank. (2) The effect of the proposed acquisition of control in any part of this state and any markets served by the state bank may be to substantially lessen competition, tend to create a monopoly, or in any other manner restrain trade, and the anticompetitive effects of the proposed acquisition of control are not clearly outweighed in the public interest by the probable effect of the acquisition in meeting the convenience and needs of the community to be served. (3) The financial condition of any acquiring person might jeopardize the financial stability of the state bank or prejudice the interests of the depositors of the state bank. (4) The competence, experience, or integrity of any acquiring person or of any of the proposed management personnel indicates that it would not be in the interest of the depositors of the state bank, or in the interest of the public, to permit the acquiring person to control the state bank. (5) The acquiring person neglects, fails, or refuses to furnish to the superintendent all of the information required by the superintendent. (6) The superintendent determines the proposed transaction would have an adverse effect on the deposit insurance fund administered by the federal deposit insurance corporation. (G) Within three days after deciding to disapprove any proposed acquisition of control of a state bank, the superintendent shall notify the acquiring person in writing of the disapproval. The notice of disapproval shall provide a statement of the basis for the disapproval. (H) Within ten days after receipt of a notice of the disapproval, the acquiring person may, in accordance with Chapter 119. of the Revised Code, request a hearing conducted in accordance with that chapter on the proposed acquisition. (I) Whenever a change in control of a state bank occurs, the state bank shall promptly report to the superintendent any changes in or replacement of its chief executive officer or of any director that occurs in the next twelve-month period, and include in the report a statement of the past and current business and professional affiliations of the new chief executive officer or director. (J)(1) The superintendent may exercise any authority vested in the superintendent under Chapter 1121. of the Revised Code in the course of conducting any investigation under division (E) of this section or any other investigation the superintendent, in the superintendent's discretion, considers necessary to determine whether any person has filed inaccurate, incomplete, or misleading information under this section or otherwise is violating, has violated, or is about to violate any provision of this section or any rule implementing this section. (2) Whenever it appears to the superintendent any person is violating, has violated, or is about to violate any provision of this section or any rule implementing this section, the superintendent may, in the superintendent's discretion, apply to the court of common pleas of any county in which the state bank is doing business for either of the following: (a) A temporary or permanent injunction or restraining order enjoining the person from violating this section or any rule implementing this section; (b) Other equitable relief, including divestiture, that may be necessary to prevent violation of this section or of any rule implementing this section. (3)(a) The courts of this state have the same jurisdiction and power in connection with the exercise of any authority by the superintendent under this section as they have under Chapter 1121. of the Revised Code. (b) The courts of this state have jurisdiction and power to issue any injunction or restraining order or grant any equitable relief described in division (J)(2) of this section. When a court finds it appropriate, the court may grant the injunction, order, or other equitable relief without requiring the posting of any bond. (K) The resignation, termination of employment or participation, divestiture of control, or separation of or by a regulated person, including a separation caused by the closing of a state bank, shall not affect the jurisdiction and authority of the superintendent to issue any notice and otherwise proceed under this section against the regulated person, if the notice is issued no later than six years after the date of the regulated person's resignation, termination of employment or participation, or separation from or divestiture of control of a state bank. For purposes of this division, "regulated person" has the same meaning as in section 1121.01 of the Revised Code.
Ohio Rev. Code § 1112.05 — Ohio Revised Code / Title 11 / Chapter 1112 / § 1112.05
§ 1112.05. Family trust company acting as fiduciary of a trust
Status: in_force

September 14, 2016 House Bill 229 - 131st General Assembly (A)¿¿Notwithstanding any other provision of law to the contrary, while acting as the fiduciary of a trust, a family trust company may do all of the following: (1)¿Invest in a security of an investment company or investment trust for which the family trust company or a family affiliate provides services in a capacity other than as a fiduciary; (2)¿Place a security transaction using a broker that is a family affiliate; (3)¿Invest in an investment contract that is purchased from an insurance company or carrier owned by or affiliated with the family trust company or a family affiliate; (4)¿Enter into an agreement with a beneficiary or grantor of a trust relative to the appointment or compensation of the fiduciary or a family affiliate; (5)¿Transact with another trust, estate, guardianship, or conservatorship for which the family trust company is a fiduciary or in which a beneficiary has an interest; (6)¿Make an equity investment in a nonpublicly traded entity that may or may not be marketable and that is owned or controlled, either directly or indirectly, by one or more beneficiaries, family members, or family affiliates; (7)¿Deposit trust money in a financial institution that is owned or operated by a family affiliate; (8)¿Delegate the authority to conduct any transaction or action under this section to an agent of the family trust company or a family affiliate; (9)¿Purchase, sell, hold, own, or invest in any security, bond, real or personal property, stock, or other asset of a family affiliate; (10)¿Loan money to or borrow money from a family member or the family member's legal representative, another trust managed by the family trust company, or a family affiliate; (11) Act as proxy in voting any shares of stock that are assets of the trust; (12) Exercise any powers of control with respect to any interest in a business entity that is an asset of the trust, including, without limitation, the appointment of officers or directors who are family members; (13) Receive reasonable compensation for its services. (B) After full disclosure to the governing body of the family trust company is provided, nothing in this section prohibits a family trust company from entering into a transaction with or investing in any asset of any of the following: (1) A trust, estate, guardianship, or conservatorship for which the family trust company is a fiduciary; (2) A family affiliate; (3) Any other business entity, agent, or person for which a conflict of interest may exist. Last updated July 22, 2021 at 9:39 AM
Ohio Rev. Code § 1109.02 — Ohio Revised Code / Title 11 / Chapter 1109 / § 1109.02
§ 1109.02. Additional and incidental powers
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly (A) In addition to exercising the powers and performing the acts authorized under Chapters 1101. to 1127. of the Revised Code, a state bank has and may exercise all powers and perform all acts attendant to the business of banking as set forth in those chapters. (B) A state bank has and may exercise all powers, perform all acts, and provide all services that are otherwise a part of or incidental to the business of banking. (C) In addition to what is otherwise authorized under Chapters 1101. to 1127. of the Revised Code, a state bank has and may exercise all powers, perform all acts, and provide all services that are permitted for national banks and federal savings associations, other than those dealing with interest rates, regardless of the date the corresponding parity rule adopted by the superintendent of financial institutions under section 1121.05 of the Revised Code takes effect. If a state bank intends to take any such action before the adoption of the corresponding parity rule, the bank shall provide the superintendent with prior written notice of the action and the basis for the action. The superintendent, within ninety days after receipt of that notice, may prohibit the bank from taking such action if the superintendent determines it would be unsafe or unsound for the bank.
Ohio Rev. Code § 1112.16 — Ohio Revised Code / Title 11 / Chapter 1112 / § 1112.16
§ 1112.16. Other licensing and regulation requirements
Status: in_force

September 14, 2016 House Bill 229 - 131st General Assembly Except as otherwise provided in section 1112.04 of the Revised Code, a licensed family trust company has all the rights, privileges, and exemptions from licensing and regulation requirements that are granted by any law of this state to trust companies licensed under Chapter 1111. of the Revised Code, including, without limitation, the requirements for registration, licensing, and supervision set forth in Chapter 1707. of the Revised Code. A family trust company established under Chapter 1112. of the Revised Code is not subject to taxation under Chapter 5726. of the Revised Code.
Ohio Rev. Code § 1109.45 — Ohio Revised Code / Title 11 / Chapter 1109 / § 1109.45
§ 1109.45. Investing in clearing corporation
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly A state bank may invest in the shares of a clearing corporation as defined by section 1308.01 of the Revised Code.
Ohio Rev. Code § 1109.10 — Ohio Revised Code / Title 11 / Chapter 1109 / § 1109.10
§ 1109.10. Claims adverse to deposits or property
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly If any claim not clearly consistent with the terms of any applicable authority on file with a bank is made to any deposit, safe deposit box, property held in safekeeping, security, obligation, or other property in the bank's possession or control, in whole or in part, by any person, including any depositor, individual, or group of individuals, whether or not authorized to draw on or exercise any right or control with respect to the property, the bank is not required to recognize the claim without one of the following: (A) A court order, issued by a court of competent jurisdiction and served on the bank, enjoining or restraining the bank from taking any action with respect to the property or instructing the bank to pay some or all of the balance of the account, provide access to the safe deposit box, or deliver the property as provided in the order; (B) A bond in the form and amount and with sureties satisfactory to the bank, indemnifying the bank against any liabilities, loss, and expenses it might incur because of its recognition of the claim or because of its refusal, due to the claim, to honor or recognize any right with respect to the property.
Ohio Rev. Code § 1181.04 — Ohio Revised Code / Title 11 / Chapter 1181 / § 1181.04
§ 1181.04. Immunity
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly Neither the superintendent of financial institutions nor any employee, agent, or contractor of the division of financial institutions shall be liable in any civil, criminal, or administrative proceeding for any mistake of judgment or discretion in any action taken, or any omission made by the superintendent, employee, agent, or contractor if done in good faith within the scope of the person's official capacity as assigned by the superintendent.
Ohio Rev. Code § 1101.02 — Ohio Revised Code / Title 11 / Chapter 1101 / § 1101.02
§ 1101.02. Purpose chapters 1101 through 1127
Status: in_force

January 1, 2018 House Bill 49 - 132nd General Assembly It is hereby declared to be the purpose of the general assembly in enacting Chapters 1101. to 1127. of the Revised Code to do all of the following: (A) Delegate to the division of financial institutions rule-making power and administrative discretion, subject to Chapters 1101. to 1127. of the Revised Code, to assure the supervision and regulation of banks chartered under the laws of this state may be flexible and readily responsive to changes in economic conditions, banking practices, and the financial services industry; (B) Provide for the protection of the interests of depositors, creditors, shareholders, members, and the general public in banks doing business in this state; (C) Permit banks to effectively serve the convenience and needs of their depositors, borrowers, and others, and permit the continued improvement of the products and services banks provide; (D) Provide the opportunity for the boards and management of banks to exercise their business judgment, subject to the provisions of Chapters 1101. to 1127. and 1701. of the Revised Code; (E) Provide state banks with competitive parity with other types of financial institutions doing business in this state; (F) Sustain the viability of the state bank charter option and the dual banking system in this state and the United States; (G) Clarify and modernize the laws governing banking.
Ohio Rev. Code § 1181.09 — Ohio Revised Code / Title 11 / Chapter 1181 / § 1181.09
§ 1181.09. Annual report
Status: in_force

September 26, 1996 Senate Bill 293 - 121st General Assembly At the conclusion of each fiscal year, the superintendent of financial institutions shall prepare a report on the operation of the division of financial institutions for that year. In conjunction with that report the superintendent shall also prepare a summary of the general condition of each bank, savings and loan association, and savings bank doing business in this state, which summary shall be based on each institution's report of its condition as of the thirtieth day of June of that year.
Ohio Rev. Code § 1119.18 — Ohio Revised Code / Title 11 / Chapter 1119 / § 1119.18
§ 1119.18. Approving or taking action
Status: in_force

January 1, 1997 House Bill 538 - 121st General Assembly When the laws of this state require an action by or regarding a foreign bank or a representative office, agency, or branch of a foreign bank licensed under this chapter to be approved or taken by the board of directors, the action may be approved or taken by either of the following: (A) The governing body of the foreign bank having authority, under the laws of the country where the foreign bank is chartered, that is comparable to the authority of the board of directors of a bank doing business under authority granted by the superintendent of financial institutions; (B) Any person or group of persons, such as a committee, to whom the authority to approve or take the action has been properly delegated in accordance with the laws of the country where the foreign bank is chartered.