Chapter 1301:12-5 - Officers
The authorized number of directors of a savings bank shall be no less than five.
Cite as Ohio Admin. Code 1301:12-5-01
(B) The bond coverage may provide for a deductible amount which otherwise would be recoverable from the bonding company. A deductible amount may be applied separately to one or more insuring agreements. No more than one deductible amount shall be permitted from all losses caused by the same person or persons acting in collusion or combination in cases in which such losses result from dishonesty of employees (as defined in the bond). A deductible shall not exceed two per cent of the savings bank's net worth.
Cite as Ohio Admin. Code 1301:12-5-02