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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1112.11 | Limitation of powers before licensure.

Ohio Revised Code
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Title 11 Banks-Savings and Loan Associations
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Chapter 1112 Ohio Family Trust Company Act
 
Effective:
September 14, 2016
Latest Legislation:
House Bill 229 - 131st General Assembly
PDF:
Download Authenticated PDF
 

The existence of any licensed family trust company shall date from the filing of its articles of incorporation or articles of organization, from which time it shall have and may exercise the incidental powers conferred by law upon corporations or limited liability companies, as applicable. However, until it has obtained a license issued under this chapter, a family trust company shall not transact any business as a licensed family trust company, other than the election of officers, the taking and approving of their official bonds, the receipts of payment upon stock subscriptions, and other business incidental to its organization.

Available Versions of this Section