Ohio Revised Code Search

... As determined by the superintendent of financial institutions after notice and opportunity for a hearing, the state bank directly or indirectly exercising a controlling influence over the management or policies of the company in which the investment is being made.

...A state bank may invest in the shares of a clearing corporation as defined by section 1308.01 of the Revised Code.

...ten permission of the superintendent of financial institutions as required by division (B) of section 1109.34 of the Revised Code; (5) Shares, obligations, securities, or other interests of any other issuer with the written approval of the superintendent. (C) For purposes of this section, no purchase by a state bank of stock in a federal reserve bank or federal home loan bank is an investment. (D) If a state or po...

...In exercising its investment authority, a state bank shall give equal consideration to investments that involve firms owned and controlled by minorities and firms owned and controlled by women, either alone or in joint venture with other firms, where the investments offer quality, return, and safety comparable to other investments currently available to the bank.

...hall furnish information concerning the financial condition of the bank or corporation to the superintendent of financial institutions upon the superintendent's demand.

...her persons, owns, controls, or has the power to vote twenty-five per cent or more of any class of voting securities of the other company. (b) The company or shareholder controls in any manner the election of a majority of the directors or trustees of the other company. (c) The superintendent determines, after notice and opportunity for a hearing, the company or shareholder, directly or indirectly, exercises a cont...

...(A) A state bank and its subsidiaries may engage in a covered transaction with an affiliate only if both of the following apply: (1) The aggregate amount of covered transactions by the bank and its subsidiaries with the particular affiliate will not exceed ten per cent of the bank's capital. (2) The aggregate amount of all covered transactions by the bank and its subsidiaries with all of the bank's affiliates will ...

...(A) A state bank and its subsidiaries may engage in any of the transactions described in division (B) of this section only if one of the following applies: (1) The transaction is on terms and under circumstances, including credit standards, that are substantially the same, or at least as favorable to the bank or its subsidiary, as those prevailing at the time for comparable transactions with or involving other nonaf...

...the Revised Code, the superintendent of financial institutions may adopt rules to administer and carry out the purposes of sections 1109.53, 1109.54, and 1109.55 of the Revised Code, including rules that do any of the following: (A) Further define terms used in sections 1109.53, 1109.54, and 1109.55 of the Revised Code; (B) If the superintendent finds them to be in the public interest and consistent with the purpos...

...o the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.

...No state bank shall contract to pay, or pay to any person, any fees for management or consulting services, including fees for legal, accounting, brokerage, or other similar professional services, that do not have a direct relationship to the value of the services rendered or to be rendered, based on reasonable costs consistent with current market values for services of the kind contracted for.

...A state bank may engage in the business of selling insurance through a subsidiary insurance agency subject to licensing under the law of this state and the law of every other state in which services are provided by the bank or its subsidiary.

...A state bank may buy, sell, and exchange coin and bullion.

...vised Code, a state bank shall have the power to do both of the following: (A) Operate travel agencies; (B) Engage in the sale of tickets for passage on common carriers, such as airlines, railroads, ships, and buses, to points within and outside the United States.

...In order to protect its interest in a property, a state bank may purchase a tax certificate under section 5721.32 or 5721.33 of the Revised Code.

...ing records. (B) The superintendent of financial institutions shall identify and publish a list of processes that satisfy the conditions of division (A) of this section. (C) Each bank that uses a process authorized by this section to preserve any of its records shall also provide for safekeeping and for examining, viewing, or projecting the records preserved, and for producing reproductions of the original records....

...ts customer. (B) The superintendent of financial institutions may designate a retention period of either one year or six years for any record maintained by a bank but not listed in division (A) of this section. Records that are not listed in division (A) of this section and for which the superintendent has not designated a retention period shall be retained or preserved for six years from the date of completion of t...

...The interests of any tenants in common, survivorship tenants, or coparceners of any tangible or intangible personal property may be partitioned under this section pursuant to a partition proceeding. A proceeding for partition under this section may be filed in the court of common pleas of any county in which any co-owner resides. If a partition proceeding is filed and the court finds that partition of the interests i...

...n, "securitization" means a transfer of financial assets by a financial institution insured by the federal deposit insurance corporation (FDIC) to a special purpose entity established to issue securities supported by the financial assets to investors.

...As used in this chapter: (A) "Financial institution regulatory authority" includes a regulator of a business activity in which a bank or trust company is engaged, or has applied to engage in, to the extent that the regulator has jurisdiction over a bank or trust company engaged in that business activity. A bank or trust company is engaged in a business activity, and a regulator of that business activity has jurisdic...

...-making, or other regulatory functions, powers, or duties vested by this division in the deputy superintendent for banks, the deputy superintendent for banks shall be subject to the control of the superintendent of financial institutions.

...(A) The superintendent of financial institutions may adopt rules and standards to carry out the provisions of Chapters 1101. to 1127. of the Revised Code. No rule or standard adopted by the superintendent pursuant to this authority shall conflict with, abridge, or supersede any provision of the Revised Code unless the conflict, abridgement, or supersession is expressly authorized. The rules and standards shall be ado...

...ranted by the superintendent any right, power, privilege, or benefit possessed, by virtue of statute, rule, regulation, interpretation, or judicial decision, by any of the following: (1) Banks and trust companies doing business under authority granted by the office of the comptroller of the currency or the bank regulatory authority of any other state of the United States; (2) Savings associations doing business und...

...ration, federal reserve board, consumer financial protection bureau, national credit union administration, or any other bank regulatory authority of the United States, or the bank regulatory authority of any other state of the United States, puts a bank or trust company doing business under authority granted by the superintendent of financial institutions at a disadvantage to any other type of financial institution, ...

...ode, as often as the superintendent of financial institutions considers necessary, but at least once each twenty-four-month cycle, the superintendent, or any deputy or examiner appointed by the superintendent for that purpose, shall thoroughly examine the records and affairs of each state bank. The examination shall include a review of all of the following: (1) Compliance with law; (2) Safety and soundness; (3) ...