reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1107.05 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1107 | State Banks - Capital and Securities|Section 1107.05 | Issuing Debt Securities.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A state bank may issue debt securities at the times, in the amounts, and subject to the terms approved in writing by the superintendent of financial institutions.(B) In the case of a stock state bank, the terms of debt securities may include either of the following:(1) Options to subscribe to or purchase the bank's shares at not less than par value;(2) The right to convert the debt securities to the bank's shares, if the par value of the shares resulting from the conversion does not exceed the value on the bank's books of the debt securities being converted.(C) The terms of any option granted in connection with the issuance of debt securities or any right to convert debt securities to shares shall not permit or require the holders of the debt securities to be held individually responsible for the state bank's debts, contracts, or engagements on the basis of their status as holders of the debt securities.
Ohio Rev Code § 1107.07 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1107 | State Banks - Capital and Securities|Section 1107.07 | Par Value of Bank Shares.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|All stock state bank shares shall have par value, whether they are common shares or preferred shares.
Ohio Rev Code § 1107.09 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1107 | State Banks - Capital and Securities|Section 1107.09 | Stock Options.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A stock state bank may, with the approval of the bank's board of directors, the holders of a majority of the bank's voting shares, and the superintendent of financial institutions, adopt and carry out plans for the offering or sale of, the grant of, or the grant of options on, the bank's shares to any or all employees, officers, or directors of the bank or any of the bank's subsidiaries or affiliates, or to other parties, or to a trustee on their behalf. For purposes of this section, "other parties" means any person that has provided, or will provide, a service or a benefit to the bank, as determined by the board of directors.(B) A plan may be adopted under this section for any unissued shares, treasury shares, or shares to be purchased or granted. A plan may provide for the payment or issuance of the shares at one time or in installments or for the establishment of special funds in which employees or other parties approved under division (A) of this section may participate.(C) Shares otherwise subject to pre-emptive rights may be offered or sold under a plan only when released from pre-emptive rights. Shares authorized for the purpose of carrying out a plan adopted under this section shall be deemed released from pre-emptive rights.
Ohio Rev Code § 1107.11 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1107 | State Banks - Capital and Securities|Section 1107.11 | Pre-Emptive Rights.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) Unless otherwise provided in the articles of incorporation, the holders of any class of a stock state bank's shares, other than shares that are limited as to dividend rate and liquidation price, shall, upon the offering or sale for cash of shares of the same class, have the right, during a reasonable time and on reasonable terms fixed by the directors, to purchase the shares in proportion to their respective holdings of shares of that class, at not less than par value, unless the shares offered or sold are any of the following:(1) Treasury shares;(2) Released from pre-emptive rights by the affirmative vote or written consent of the holders of either of the following:(a) Two-thirds of the shares entitled to the pre-emptive rights;(b) A majority of the shares entitled to the pre-emptive rights, if for offering and sale or granting options to any or all employees of the bank or any of the bank's subsidiaries or to a trustee on their behalf, under a plan adopted under section 1107.09 of the Revised Code;(3) Offered to shareholders in satisfaction of their pre-emptive rights and not purchased by the shareholders, and thereupon issued or agreed to be issued for a consideration not less than that at which the shares were offered to the shareholders, less reasonable expenses, compensation, or discount paid or allowed for the sale, underwriting, or purchase of the shares.(B) An action arising from the offering or sale of shares under division (A) of this section shall be brought within two years after the date on which written notice or other communication of the transaction is mailed or otherwise given to the person entitled to bring the action. In no event shall any such action be brought later than four years after the cause of action accrued.(C) Pre-emptive rights with respect to shares issued by a stock state bank chartered on or after the effective date of this amendment shall be governed by section 1701.15 of the Revised Code.
Ohio Rev Code § 1107.13 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1107 | State Banks - Capital and Securities|Section 1107.13 | Bank May Purchase Its Own Shares.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|With the prior written approval of the superintendent of financial institutions, a stock state bank may purchase its own shares in accordance with section 1701.35 of the Revised Code.(B) A stock state bank that acquires shares of its stock shall retire or dispose of the shares at the time and in the manner required by the superintendent.
Ohio Rev Code § 1107.15 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1107 | State Banks - Capital and Securities|Section 1107.15 | Declaring Dividends and Distributions.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|A stock state bank's board of directors may declare dividends and distributions on the bank's outstanding shares, subject to all of the following conditions:(A) Except as otherwise provided in division (B) of this section, payment of a dividend or distribution may only be funded from undivided profits or, subject to the approval of the superintendent of financial institutions, from a special reserve created from proceeds from the sale of bank stock.(B) A dividend or distribution may be funded, in whole or in part, from surplus with the approval of both of the following:(1) The holders of at least two-thirds of the outstanding shares of each class of the bank's stock;(2) The superintendent.(C) A dividend or distribution may be paid in treasury shares or in authorized but unissued shares, if the board makes the required transfers to surplus and paid-in capital.(D) The approval of the superintendent is required for the declaration of dividends and distributions if the total of all dividends and distributions declared on the bank's shares in any year, and not paid in shares, exceeds the total of its net income for that year combined with its retained net income of the preceding two years.(E) Prior to the declaration of any dividend or distribution the bank has made all required allocations to reserves for losses or contingencies.
Ohio Rev Code § 1109.01 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.01 | Bank Powers, Rights and Privileges Generally.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A state bank may use, exercise, and enjoy all of the powers, rights, and privileges of a corporation as set forth in section 1701.13 of the Revised Code, unless otherwise provided in its articles of incorporation and except as otherwise expressly limited by Chapters 1101. to 1127. of the Revised Code. The powers authorized under this division include the power to receive any property of any description, or any interest in property, by gift, devise, or bequest, and to make donations for the public welfare or for charitable, scientific, or educational purposes.(B) A state bank may perform all acts necessary to carry into effect the powers authorized by Title XI of the Revised Code and the purposes for which the bank was created.
Ohio Rev Code § 1109.02 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.02 | Additional and Incidental Powers.

Effective: January 1, 2018|Latest Legislation:  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 § 1109.021 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.021 | Election to Operate as a Savings and Loan Association.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) As used in this section, "portfolio assets" and "qualified thrift investments" have the same meanings as in 12 U.S.C. 1467a, as amended.(B) A state bank may elect to operate as a savings and loan association by filing a written notice of that election with the superintendent of financial institutions.(C) Upon filing an election notice, a state bank shall be considered a savings and loan association if both of the following conditions are met:(1) Its qualified thrift investments equal or exceed sixty-five per cent of its portfolio assets.(2) Its qualified thrift investments continue to equal or exceed sixty-five per cent of its assets on a monthly average basis in nine out of every twelve months.(D) A state bank may revoke its election notice at any time by submitting a written notice thereof to the superintendent.
Ohio Rev Code § 1109.03 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.03 | Federal Deposit Insurance Corporation and Federal Reserve Requirements.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) No bank shall transact business in this state unless its deposit accounts are insured by the federal deposit insurance corporation, except a bank that by the terms of its articles of incorporation or articles of association is not permitted to solicit or accept deposits other than trust funds. Each bank whose deposit accounts are insured by the federal deposit insurance corporation shall maintain that insurance as a condition of doing business in this state.(B) Each bank doing business in this state shall comply with the reserve requirements of the "Federal Reserve Act of 1913," as amended.(C) Any bank doing business in this state may become a member of the federal reserve system as permitted under federal law and do all things necessary to maintain that membership in accordance with the "Federal Reserve Act of 1913," as amended.(D) Any bank doing business in this state may become a member of a federal home loan bank and do all things necessary to maintain that membership in accordance with the "Federal Home Loan Bank Act of 1932," 47 Stat. 725, 12 U.S.C.A. 1421, as amended. A bank may purchase and hold stock in a federal home loan bank in excess of the amount required for membership, if that purchase and holding of stock is consistent with the financial condition of the bank and prudent banking practice.
Ohio Rev Code § 1109.04 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.04 | Good Faith Reliance; Electronic Statements and Notice.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A bank may, in good faith, rely:(1) On any and all information, agreements, documents, and signatures provided by its customers as being true, accurate, complete, and authentic and representing what they purport to represent; and(2) That the persons signing have full capacity and complete authority to execute and deliver any and all such documents and agreements and to act in such capacity as may be represented to the bank.As used in this division, "good faith" has the same meaning as in section 1301.201 of the Revised Code.(B) A bank may, with the customer's consent, provide electronically any statement, notice, or report required to be provided customers under this chapter. A customer's consent may be obtained electronically or in writing.(C) A bank customer may, with the bank's consent, provide electronically any notice required to be provided to the bank under this chapter. A bank's consent may be obtained electronically or in writing.
Ohio Rev Code § 1109.05 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.05 | Deposit Contracts.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A bank may receive money on deposit and may establish the terms and conditions of each deposit contract. A bank may receive demand deposits subject to withdrawal or to payment upon the depositor's check, order, or other authorization.(B) At the time of opening a deposit account, a bank shall provide the depositor a statement containing the existing terms and conditions of the deposit contract. The statement may be set forth on the depositor's signature card, which card may be electronic or in writing. Before effecting any change in the terms and conditions of a deposit contract, a bank shall provide notice, in written or electronic form, of the change to each depositor with whom the bank has a deposit contract of the kind to be changed. Depositors and any other owners of interests in deposit accounts shall be bound by all changes banks make in their deposit contracts.(C) For each deposit account a bank shall, at minimum, do either of the following:(1) Periodically make available to each deposit customer a report, in written or electronic form, of the customer's deposit account activity since the last report was provided, unless the account is a certificate of deposit with no activity except for compounding interest;(2) Issue a passbook on which deposits, interest, payments, and withdrawals can be recorded.(D) A bank may secure deposits in the manner and to the extent provided or authorized by law or any lawful order of a court having custody of money and ordering money to be deposited.(E)(1) A bank may serve as a depository for public funds of this state, other states of the United States, political subdivisions of this state and other states of the United States, the United States, agencies of the United States, foreign nations, political subdivisions of foreign nations, multinational organizations, and subdivisions of multinational organizations.(2)(a) A bank may provide security for the public funds described in division (E)(1) of this section if that is a condition imposed by law for their deposit.(b) Depositors of public funds that are collateralized by securities pledged by a bank in accordance with Chapter 135. of the Revised Code and any applicable federal law shall have and maintain a first and best lien and security interest in and to such securities, any substitute securities, and the proceeds of those securities, in favor of such depositors.
Ohio Rev Code § 1109.06 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.06 | Designating on Signature Card Deposit Is in Trust for Another.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|(A) Whenever a depositor opens or modifies the ownership of a deposit account by designating on the signature card the deposit is in trust for another, and no further notice of the existence and terms of a legal and valid trust is given in writing to the bank, both of the following apply:(1) The designation on the signature card constitutes clear and convincing evidence of both of the following:(a) The depositor-trustee's intent is to create a revocable trust for the benefit of the person for whom the account is designated.(b) One of the terms of the trust is that, on the death of the depositor-trustee, the balance of the deposit account belongs to the person for whose benefit the account was designated.(2) No written instrument, other than the signature card, is required to establish the trust.(B) Upon the death of the depositor-trustee of a deposit account designated as provided in division (A) of this section, all of the following apply:(1) No part of the account shall pass and descend to the depositor-trustee's estate unless the estate is the person's for whose benefit the account was designated.(2) The bank may pay all or any part of the account balance to the person designated on the signature card as the person for whose benefit the account was maintained.(3) The receipt or acquittance of the person designated on the signature card as the person for whose benefit the account was maintained is sufficient to release and discharge the bank for any payments from the account to that person.
Ohio Rev Code § 1109.07 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.07 | Deposits Payable to Survivor - Deposits Payable on Death.

Effective: August 29, 2000|Latest Legislation:  House Bill 313 - 123rd General Assembly|(A) When a deposit is made in the name of two or more persons, payable to either or the survivor, the bank may pay all of the deposit, any part of the deposit, or any interest earned on the deposit, to either of the named persons, or the guardian of the estate of either of the named persons, whether or not the other person is living. The receipt or acquittance of the person paid is a sufficient release and discharge of the bank for any payments made from the account to that person.(B) A bank may enter into a written contract with a natural person for the proceeds of the person's deposits to be payable on the death of that person to another person or to any entity or organization in accordance with the terms, restrictions, and limitations set forth in sections 2131.10 and 2131.11 of the Revised Code.
Ohio Rev Code § 1109.08 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.08 | Safes, Vaults, Safe Deposit Boxes, Night Depositories.

Effective: January 1, 2018|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) A bank may provide safes, vaults, safe deposit boxes, night depositories, and other secure receptacles for the uses, purposes, and benefits of its customers, on the terms and conditions the bank prescribes.(B) A bank may, on the terms and conditions the bank prescribes, receive tangible property and evidence of tangible or intangible property for safekeeping using any of the following:(1) The bank's safes, vaults, and other secure receptacles;(2) The safes, vaults, and other secure receptacles of another bank or of a safekeeping agent or custodian that is qualified under rules adopted by the superintendent of financial institutions;(3) The bank's own safekeeping system or the safekeeping system of another bank or of a safekeeping agent or custodian that is qualified under rules adopted by the superintendent;(4) A recognized title or registration system, on the terms and conditions the bank prescribes.(C) Unless agreed to in writing by the bank, nothing in this section creates a bailment between a customer and the bank.
Ohio Rev Code § 1109.09 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.09 | Accounts and Safe Deposit Box Rentals for Minors.

Effective: January 1, 1997|Latest Legislation:  House Bill 538 - 121st General Assembly|(A) A bank may do any of the following:(1) Accept deposits made by or on behalf of any minor and open an account however payable in the name of one or more persons, one or more or all of whom are minors, or in the name of another person as trustee for a minor, whether or not the deposit is made or the account is opened by the minor;(2) Enter into an agreement to rent a safe deposit box to a minor;(3) Accept the appointment of a minor as agent or deputy on any deposit or safe deposit box by any person, including a minor, maintaining the deposit or safe deposit box.(B) When a bank enters into a deposit contract or safe deposit box rental agreement with a minor, all of the following apply:(1) The terms and conditions of the deposit contract or safe deposit box rental agreement are binding on the minor the same as a person of legal age who enters into a deposit contract or rents a safe deposit box.(2) The relationship between the bank and the minor regarding the deposit contract or safe deposit box rental agreement is in all respects the same as if the minor were a person of legal age.(3) The bank shall incur no liability for any transaction regarding the deposit or safe deposit box solely because of doing business with a minor.
Ohio Rev Code § 1109.10 (2021)
2021 Ohio Revised Code|Title 11 | Banks-Savings and Loan Associations|Chapter 1109 | State Banks - Powers|Section 1109.10 | Claims Adverse to Deposits or Property.

Effective: January 1, 2018|Latest Legislation:  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.