Ohio Administrative Code Search

...No stock state bank that wants to purchase shares of its own stock pursuant to authority in its articles of incorporation shall make a purchase without prior written approval from the superintendent of financial institutions. To request the superintendents' approval, stock state a bank shall submit to the superintendent both of the following: (A) A written plan proposing the purchase that shall address a...

...n this rule: (1) "Acquisition" means a purchase, assignment, transfer, pledge or other disposition of voting shares, or an increase in percentage ownership of a state bank resulting from a redemption of voting shares. (2) "Acting in concert" means knowing participation in a joint activity or parallel action towards a common goal of acquiring control of a state bank, whether or not pursuant t...

...ormation about properties available for purchase or lease, private mail, voicemail, email, password protected websites or facsimile transmissions, provided such communications are initiated at the request of a client, customer or prospective client.

...(A) (1) If a purchaser or seller declines to acknowledge receipt of the "Consumer Guide to Agency Relationships" required pursuant to section 4735.56 of the Revised Code or sign an agency disclosure form that is presented as required by section 4735.58 of the Revised Code, the licensee shall note the following on the bottom of the form: (a) The party(ies) to whom the form was presented; (b) T...

...or inducing or attempting to induce the purchase or sale of any security, or is held out as such, excluding: (a) Any location that is established solely for customer service and/or back office type functions where no sales activities are conducted and that is not held out to the public as a branch office; (b) Any location that is the associated person's primary residence; provided that: (i) Only one associated per...

...e escrow account of funds received from purchasers, specifies that no funds will be disbursed from the escrow account until a minimum stated amount of the securities have been sold and the proceeds have been deposited into the escrow account, and specifies a termination date when the proceeds held in the escrow account will be returned without deduction to the purchasers if the proceeds for a minimum stated amount of...

...e escrow account of funds received from purchasers, specifies that no funds will be disbursed from the escrow account until a minimum stated amount of the securities have been sold and the proceeds have been deposited into the escrow account, and specifies a termination date when the proceeds held in the escrow account will be returned without deduction to the purchasers if the proceeds for a mini...

...eement or its equivalent is signed by a purchaser or the purchaser transfers or loses control of the purchase funds, deliver an offering circular which shall contain the following information to each purchaser of the securities registered by description: (1) The issuer's name and address, its type of business entity, the state or jurisdiction of its incorporation or formation, and the date of its incorporation or fo...

...eement or its equivalent is signed by a purchaser or the purchaser transfers or loses control of the purchase funds. Notwithstanding the foregoing, an issuer relying on rule 504 of regulation D of the securities and exchange commission as amended may use a form U-7 of the North American securities administrators association in lieu of the offering circular or other disclosure document or documents required by rule 13...

...or inducing or attempting to induce the purchase or sale of any security, and for a period of not less than six years, the first two years in an easily accessible place, blotters or other records of original entry containing an itemized daily record of all purchases, sales, receipts and deliveries of securities, including certificate numbers, all receipts and disbursements of cash, and all other debits and credits. T...

...the client has directed or approved the purchase or sale of a definite amount of the particular security. (7) "Entering into," in reference to an investment advisory contract by an investment adviser that is licensed or required to be licensed under Chapter 1707. of the Revised Code does not include an extension or renewal without material change of any such contract which is in effect immediately prior to such exte...

...the client has directed or approved the purchase or sale of a definite amount of the particular security. (7) "Entering into," in reference to an investment advisory contract by an investment adviser that is licensed or required to be licensed under Chapter 1707. of the Revised Code does not include an extension or renewal without material change of any such contract which is in effect immediatel...

...ice for execution of orders; (5) Sell, purchase, or recommend the sale or purchase of any security without reasonable grounds to believe that the transaction or recommendation is suitable for the customer, based upon reasonable inquiry concerning the customer's investment objectives, financial situation and needs, and any other relevant information known to dealer or salesperson; (6) Sell, purchase, effect any tran...

...ice for execution of orders; (5) Sell, purchase, or recommend the sale or purchase of any security without reasonable grounds to believe that the transaction or recommendation is suitable for the customer, based upon reasonable inquiry concerning the customer's investment objectives, financial situation and needs, and any other relevant information known to dealer or salesperson; (6) Place the f...

...ment or its equivalent is signed by the purchaser or the date that the purchaser transfers or loses control of the purchase funds, or the date of disbursement of funds subject to an escrow agreement specifically approved by the division or established in accordance with the administrative rules of the division. (B) For the purposes of section 1707.391 of the Revised Code, "excusable neglect" shall include, but not b...

...ment or its equivalent is signed by the purchaser or the date that the purchaser transfers or loses control of the purchase funds, or the date of disbursement of funds subject to an escrow agreement specifically approved by the division or established in accordance with the administrative rules of the division. (B) For the purposes of section 1707.391 of the Revised Code, "excusable neglect" incl...

...al to transactions in contracts for the purchase or sale of a commodity for future delivery and options thereon; and (iv) A foreign financial institution that customarily holds financial assets for its customers, provided that the foreign financial institution keeps the advisory clients' assets in customer accounts segregated from its proprietary assets. (C) Cash payments for client solicitations. It shall constitu...

...al to transactions in contracts for the purchase or sale of a commodity for future delivery and options thereon; and (iv) A foreign financial institution that customarily holds financial assets for its customers, provided that the foreign financial institution keeps the advisory clients' assets in customer accounts segregated from its proprietary assets. (C) Cash payments for client soli...

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...written consent of the borrower for any purchase of insurance on property other than that which is used as security for the loan. (G) Small loan licensees shall clearly indicate by prominently disclosing on, or in, the loan documents, the federal or state statutory authority pursuant to which a loan is made. For purposes of this chapter, small loan licensees shall be required to provide this prominent disclosure on...

...written consent of the borrower for any purchase of insurance on property other than that which is used as security for the loan. (G) Small loan licensees shall clearly indicate by prominently disclosing on, or in, the loan documents, the federal or state statutory authority pursuant to which a loan is made. For purposes of this chapter, small loan licensees shall be required to provide this prominen...

...nsurance within twenty-five days of the purchase of insurance with a full refund of the premium or identifiable charge for the insurance. The notice shall further disclose that the cancellation may be effected upon the written request of the borrower together with the return of the policy or certificate of insurance to the small loan licensee. (C) All insurance sold or obtained in connection with the making of a lo...

...nsurance within twenty-five days of the purchase of insurance with a full refund of the premium or identifiable charge for the insurance. The notice shall further disclose that the cancellation will be effective upon the written request of the borrower together with the return of the policy or certificate of insurance to the small loan licensee. (C) All insurance sold or obtained in connection wi...