1107.13 [Effective 1/1/2018] Bank may purchase its own shares.

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.

Cite as R.C. § 1107.13

Amended by 132nd General Assembly File No. TBD, HB 49, §130.21, eff. 1/1/2018.

Effective Date: 01-01-1997 .

Note: This section is set out twice. See also § 1107.13 , effective until 1/1/2018.