1109.59 [Effective Until 1/1/2018] Authority to borrow.

A bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.

Effective Date: 01-01-1997 .

Note: This section is set out twice. See also § 1109.59, as amended by 132nd General Assembly File No. TBD, HB 49, §130.21, eff. 1/1/2018.