reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1116.18 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1116 | Mutual Holding Companies|Section 1116.18 | Powers.

Effective: January 1, 2018|Latest Legislation:  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 § 1116.19 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1116 | Mutual Holding Companies|Section 1116.19 | Surplus Distribution.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) The board of directors of a mutual holding company may from time to time, by a majority vote of the directors, do both of the following:(1) Divide equitably any surplus that is in excess of the amount required for the operations of the mutual holding company or to maintain the safety and soundness of the mutual holding company;(2) Distribute that surplus to the respective depositors of its subsidiary stock state banks in accordance with their membership rights.(B) If the superintendent of financial institutions determines that the surplus held by a mutual holding company is excessive, the superintendent may order the board of directors of the mutual holding company to make the distribution described in division (A) of this section.
Ohio Rev Code § 1116.20 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1116 | Mutual Holding Companies|Section 1116.20 | Subsidiary Holding Company; Issuance of Securities.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A mutual holding company may establish a subsidiary holding company as a direct subsidiary to hold one hundred per cent of the stock of its subsidiary stock state bank, provided the subsidiary holding company is not formed and operated as a means of evading or frustrating the purposes of this chapter. Subject to the approval of the superintendent of financial institutions, the subsidiary holding company may be established either at the time of the initial mutual holding company reorganization or at a subsequent date.(B) In addition to its powers under Chapters 1107. and 1109. of the Revised Code, any subsidiary stock state bank or subsidiary holding company may, with the prior approval of the superintendent and subject to such rules as the superintendent may prescribe, issue one or more classes of securities, including one or more classes of common stock or preferred stock, and take any action in connection with such issuance or otherwise with respect to any such securities; provided, however, that in no event shall the mutual holding company hold less than twenty-five per cent of the combined voting power of all classes of securities of the subsidiary stock holding company or stock state bank that have voting power in the election of directors of such stock state bank.(C) Nothing in this section shall prohibit a subsidiary stock state bank or subsidiary stock holding company from issuing, in connection with an employee stock option or other employee benefit plan or with the mutual holding company reorganization or subsequent thereto, different classes of common stock to the mutual holding company and subsidiary stock state bank or subsidiary stock holding company. An issuance of securities may be made at the time of the mutual holding company reorganization or thereafter, and may be made in connection with the merger or acquisition of another bank whether organized in mutual or stock form.
Ohio Rev Code § 1116.21 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1116 | Mutual Holding Companies|Section 1116.21 | Conversion to Stock Holding Company.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|A mutual holding company organized under this chapter may, with the approval of the superintendent of financial institutions, convert to a stock holding company by submitting an application in accordance with rules adopted by the superintendent under section 1121.03 of the Revised Code.
Ohio Rev Code § 1117.01 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1117 | Banks - Offices|Section 1117.01 | Banking Office Locations.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) Subject to section 1115.05 and Chapter 1119. of the Revised Code, a bank, regardless of the location of its principal place of business, may establish or acquire and maintain a banking office in this state.(B)(1) With the prior written approval of the superintendent of financial institutions obtained in accordance with section 1117.02 of the Revised Code, a state bank may establish or acquire a banking office at any of the following locations:(a) Any location in this state;(b) Any location in another state of the United States;(c) Any location outside the United States.(2) The superintendent may condition approval of a banking office at any location authorized by division (B)(1)(b) or (c) of this section on an agreement satisfactory to the superintendent providing for the times, method, and reimbursement of expenses for examining the banking office.
Ohio Rev Code § 1117.03 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1117 | Banks - Offices|Section 1117.03 | Banking Office Schedules.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|(A) A bank may propose to operate a banking office on a less than full-time basis, whether it be regular, intermittent, or occasional.(B) If a proposed banking office is to be operated by use of a mobile facility, it may do business at more than one identified location.(C) A bank that establishes a banking office shall notify the superintendent of financial institutions prior to doing either of the following:(1) Changing the banking office's schedule of operation from part-time to full-time or full-time to part-time;(2) If the banking office is operated by use of a mobile facility, adding or eliminating any location at which the banking office transacts business within the banking office's service area or changing the banking office's schedule of operation.
Ohio Rev Code § 1117.04 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1117 | Banks - Offices|Section 1117.04 | Relocating a Banking Office.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|A bank proposing to relocate a banking office shall do the following:(A) If the banking office is to be relocated within a one-mile radius of the banking office's current location, the bank shall notify the superintendent of financial institutions and comply with the relocation procedures established by the superintendent.(B) If the banking office is to be relocated outside a one-mile radius of the banking office's current location, the bank shall obtain the superintendent's approval for the relocation in accordance with the procedures set forth in section 1117.02 of the Revised Code for establishing a banking office and comply with the banking office closing procedures established by the superintendent.
Ohio Rev Code § 1117.05 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1117 | Banks - Offices|Section 1117.05 | Providing Services at Another Institution's Offices.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) With the written approval of the superintendent of financial institutions, a bank may contract with one or more other banks, savings banks, and savings associations to provide services to the contracting bank's customers at any or all of the offices of the other banks, savings banks, and savings associations as if the offices of the other banks, savings banks, and savings associations were offices of the contracting bank.(B) The superintendent shall determine whether to accept a bank's application for approval of a contract authorized by division (A) of this section within ten business days after receiving a bank's application for the superintendent's approval of the contract. The superintendent shall approve or disapprove the contract within thirty days after accepting the bank's application.(C) In determining whether to approve or disapprove a contract authorized by division (A) of this section, the superintendent shall consider all of the following:(1) The adequacy of the management of both the contracting bank and the other banks, savings banks, and savings associations;(2) The adequacy of the capital of both the contracting bank and the other banks, savings banks, and savings associations;(3) The adequacy of the operations and controls of both the contracting bank and the other banks, savings banks, and savings associations;(4) Whether the contract is being used to avoid application of the criteria for establishing a banking office under section 1117.02 of the Revised Code or any kind of business combination under Chapter 1115. of the Revised Code.(D) This section does not authorize a contracting bank to establish new deposit accounts, extend credit, or create new banking relationships through offices of the other banks, savings banks, and savings associations.
Ohio Rev Code § 1117.06 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1117 | Banks - Offices|Section 1117.06 | Limited Operations - Extension of Structures.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|(A) A bank shall keep a written record of both of the following:(1) Each location at which the bank receives, but does not accept, cash or other items for subsequent deposit, such as by mail or armored car service or at a lock box or night depository;(2) Each location at which the bank is engaged solely in providing administrative support services for its own operations or for other depository institutions.(B) A bank shall give written notice to the superintendent of financial institutions both prior to using and after ceasing to use any of the following:(1) Any structure located within five hundred yards of a banking office and operated as an extension of the services of the banking office;(2) Any facility located within the geographical limits of a military installation at which a bank only accepts deposits and cashes checks;(3) Any location at which a bank takes and processes applications for loans and may disburse loan proceeds, but does not accept deposits.
Ohio Rev Code § 1117.07 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1117 | Banks - Offices|Section 1117.07 | Bank Closing.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) In the event of a power failure, fire, act of God, riot, strike, robbery or attempted robbery, epidemic, interruption of communication facilities, or any other reason the superintendent of financial institutions approves, or in the event of the declaration of the existence of an emergency by the governor or another person lawfully exercising the power and duties of the office of governor, an officer of a bank, designated by the board of directors of the officer's bank, in the reasonable and proper exercise of the designated officer's discretion may determine not to open one or more of the bank's banking offices on any business or banking day, or, if having opened, to close one or more of the bank's banking offices during the continuation of the occurrence or emergency. In no case shall any banking office remain closed for more than two consecutive days, excluding weekends and legal holidays, without obtaining the approval of the superintendent. A designated officer closing a banking office pursuant to the authority granted under this section shall give as prompt notice of the action as conditions permit, and by any means available, to the superintendent.(B) The designated officers of a bank may close any one or more or all of the bank's banking offices on any day designated, by proclamation of the president of the United States or the governor of this state, as a day of mourning, rejoicing, or other special observance. In such a case, the bank shall not be required to comply with any other provision of the Revised Code regarding the closing or reopening of banks or financial institutions.(C) Any act required or authorized to be performed at a banking office that has not been opened or that has been closed for any time pursuant to this section, may be performed on the next succeeding business day the banking office is reopened for business. Any other provision or rule of law notwithstanding, no liability or loss of rights of any kind on the part of any person, firm, or corporation, or of the bank, shall accrue or result because of any nonopening or closing authorized by this section.(D) The right of a bank not to open or to close under this section and the protections afforded with respect to that right shall be in addition to and not in lieu of any rights or protections granted under section 1304.07 of the Revised Code.
Ohio Rev Code § 1119.01 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1119 | Foreign Banks|Section 1119.01 | Foreign Bank Definitions.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|As used in this chapter, unless the context otherwise requires:(A) "Foreign bank" means any company, or any subsidiary or affiliate of a company, organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, that engages in the business of banking. "Foreign bank" includes, without limitation, a foreign commercial bank, foreign merchant bank, or other foreign institution that engages in banking activities usually conducted in connection with the business of banking in the country that granted its charter or countries where the foreign institution is operating.(B) "Executive officer" has the same meaning as in section 1109.23 of the Revised Code.
Ohio Rev Code § 1119.02 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1119 | Foreign Banks|Section 1119.02 | Foreign Bank License.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|(A) No foreign bank shall conduct any operations in this state connected to its banking business, unless it has a license issued by the superintendent of financial institutions under this chapter or by the office of the comptroller of the currency. Any license issued by the superintendent under this chapter is effective until surrendered by the foreign bank or revoked by the superintendent.(B) Except as provided in section 1117.05 of the Revised Code, no person shall conduct any operations in this state connected to a foreign bank's banking business as a representative or as an agent of a foreign bank, unless the foreign bank is licensed to conduct those operations either by the superintendent under this chapter or by the office of the comptroller of the currency.(C) If any person conducts operations in this state as a representative or agent of a foreign bank, the foreign bank is deemed to be conducting those operations.
Ohio Rev Code § 1119.05 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1119 | Foreign Banks|Section 1119.05 | Applying for Preliminary Approval of Representative Office.

Effective: October 9, 2021|Latest Legislation:  House Bill 263 - 133rd General Assembly|(A)(1) For each representative office a foreign bank proposes to operate, the foreign bank shall first submit to the superintendent of financial institutions an application for preliminary approval of the representative office. The superintendent shall approve or disapprove the application within sixty days after accepting the application. (2) In determining whether to approve or disapprove the foreign bank's application, the superintendent shall consider all of the following: (a) Whether the foreign bank is subject to comprehensive supervision and regulation on a consolidated basis by the appropriate authorities in the country that granted its banking charter; (b) Whether the management of the foreign bank and the proposed management of the representative office are adequate; (c) Whether any controlling person of the foreign bank, each director and executive officer of the foreign bank, and each director and executive officer of any controlling person of the foreign bank is competent and of sound financial standing; (d) Whether the capital and financial resources of the foreign bank are adequate; (e) Whether the foreign bank is currently operating in compliance with applicable laws, regulations, and orders; (f) Whether it is reasonable to believe the foreign bank will operate the representative office in compliance with applicable laws, regulations, and orders; (g) Any other reasonable criteria the superintendent may prescribe. (B) The superintendent shall issue a license to a foreign bank to operate the representative office if all of the following have occurred: (1) The superintendent has approved the foreign bank's application for preliminary approval to operate the representative office under division (A) of this section. (2) The foreign bank has met all conditions of the superintendent's preliminary approval. (3) The foreign bank has delivered to the superintendent an appointment of an agent for service of process, the agent's acknowledgment of the appointment, and the foreign bank's agreement to service of process upon the superintendent if reasonable efforts to serve the foreign bank's agent or place of business in this state are unsuccessful. Last updated October 9, 2021 at 5:20 AM
Ohio Rev Code § 1119.06 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1119 | Foreign Banks|Section 1119.06 | Prohibited and Authorized Activities.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|(A) A foreign bank licensed to operate a representative office shall not conduct any banking business through the licensed representative office, including any of the following activities:(1) Soliciting, receiving, or accepting deposits, either directly or as agent for subsequent deposit at another office of the foreign bank;(2) Approving any application for, disbursing any funds from, or otherwise providing credit in this state;(3) Carrying credit balances;(4) Exercising fiduciary powers.(B) At or through a licensed representative office, a foreign bank may conduct activities that are connected to the foreign bank's banking business, including the following:(1) A representative office may contact local persons to solicit business for the foreign bank, but may not solicit, receive, or accept deposits, either directly or as agent, for subsequent deposit at another office of the foreign bank.(2) A representative office may accept and process applications for the extension of credit, but may not approve any application.(3) A representative office may prepare documentation and execute documents for transactions previously approved outside this state, but may not disburse any funds or otherwise provide credit in this state.(4) A representative office may conduct credit investigations and analyses requested by persons authorized to extend credit.(5) A representative office may provide information on local economic and business conditions.
Ohio Rev Code § 1119.08 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1119 | Foreign Banks|Section 1119.08 | Applying for Preliminary Approval of Agency or Branch.

Effective: October 9, 2021|Latest Legislation:  House Bill 263 - 133rd General Assembly|(A)(1) For each agency or branch a foreign bank proposes to operate, the foreign bank shall first submit to the superintendent of financial institutions an application for preliminary approval of the agency or branch. The superintendent shall determine whether to approve or disapprove the application within sixty days after accepting the application. (2) In determining whether to approve or disapprove the foreign bank's application, the superintendent shall consider all of the following: (a) Whether the foreign bank is subject to comprehensive supervision and regulation on a consolidated basis by the appropriate authorities in the country that granted its banking charter; (b) Whether the management of the foreign bank and the proposed management of the agency or branch are adequate; (c) Whether any controlling person of the foreign bank, each director and executive officer of the foreign bank, and each director and executive officer of any controlling person of the foreign bank is competent and of sound financial standing; (d) Whether the capital and financial resources of the foreign bank are adequate; (e) Whether the foreign bank is currently operating in a safe and sound manner, and is in compliance with applicable laws, regulations, and orders; (f) Whether it is reasonable to believe the foreign bank will operate the agency or branch in a safe and sound manner, and in compliance with applicable laws, regulations, and orders; (g) Any other reasonable criteria the superintendent may prescribe. (B) The superintendent shall issue a license to a foreign bank to operate the agency or branch if the following have occurred: (1) The superintendent has approved the foreign bank's application for preliminary approval to operate the agency or branch under division (A) of this section. (2) The foreign bank has met all conditions of the superintendent's preliminary approval. (3) The foreign bank has delivered to the superintendent an appointment of an agent for service of process, the agent's acknowledgment of the appointment, and the foreign bank's agreement to service of process upon the superintendent if reasonable efforts to serve the foreign bank's agent or place of business in this state are unsuccessful. (4) The foreign bank has pledged assets as required under section 1119.09 of the Revised Code and maintains assets in this state as required by section 1119.10 of the Revised Code. Last updated October 9, 2021 at 5:19 AM