Ohio Revised Code Search

...poration for park purposes requires the investment or change of investment of the principal of such property or funds, or any part thereof, to be made upon the approval of an advisory committee appointed by a court or judge, or by an advisory committee appointed by a civic organization of the municipal corporation, or by the legislative authority of such municipal corporation, then such property or funds, and any par...

...lusive, of the Revised Code, are lawful investments of banks, savings banks, building and loan and savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, trustees or other officers having charge of sinking or bond retirement funds of municipal corporations and other subdivisions of the state, and of domestic insurance companies notwithstanding sections 3907.14 and 3925....

...ake payments to a custodial account for investment in regulated investment company stock that is treated as an annuity under Internal Revenue Code section 403(b). Any income of an employee deferred under divisions (A)(1) and (2) of this section in a deferred compensation program eligible for favorable tax treatment under the Internal Revenue Code shall continue to be included as regular compensation for the purpose ...

...iously authorized to be issued, or the investment of moneys pertaining to those bonds. (F) "Commercial paper" means bonds with one or more maturities of three hundred sixty-five days or less which, under the bond proceedings, are expected to be funded by the issuance of additional bonds with maturities of three hundred sixty-five days or less, whether or not ultimately to be funded with longterm bonds. (G) "Cr...

...roceeds together with interest or other investment income accrued on bond proceeds through investments in obligations of the United States or obligations guaranteed as to payment by the United States. (B) The bond proceedings or other documents or agreements pertaining to bonds referred to in division (A) or (B) of section 9.981 of the Revised Code may provide for one or more of the following: (1) Credit facilities...

...thereof, any income and profit from the investment of the proceeds of bonds or of any revenues, any fees and charges received by or on behalf of an issuer for the services of or commitments by the issuer, and moneys received in repayment of and for interest on any loan made or purchased by an issuer, moneys received by an issuer upon the sale of any bonds of the issuer under section 902.04 of the Revised Code, any mo...

... repurchase, remarket, and index bonds, investment agreements, certificates of deposit, and other arrangements, agreements, and instruments related to the security for, or application or investment of funds pertaining to, bonds and pay any premiums or other consideration therefor from the proceeds of bonds or other revenues; (P) Enter into reimbursement agreements, credit agreements, escrow agreements and such other...

...tigative and financial disclosure fund. Investment earnings of the fund shall be credited to the fund. All moneys credited to the fund shall be used solely for expenses related to the investigative and financial disclosure functions of the committee.

...sts of publishing the register of Ohio. Investment earnings of the fund are to be credited to the fund.

... (C) All money in the fund, including investment earnings thereon, shall be exclusively transferred as directed by section 109.112 of the Revised Code.

...tion 109.112 of the Revised Code; (2) Investment earnings on money in the fund. (C) Pursuant to Ohio Constitution, Article II, Section 22, a specific appropriation shall be made by law before any money may be drawn from this fund. (D) Appropriations made from this fund shall be consistent with applicable federal or state law.

...l revenue code of 1954; (3) Making any investments which would jeopardize the carrying out of any of the exempt purposes of the trust, within the meaning of section 4944 of the internal revenue code of 1954, so as to give rise to any liability for any tax imposed by section 4944 of the internal revenue code of 1954; or (4) Making any "taxable expenditures," as defined in section 4945(d) of the internal revenue code...

...pendent, qualified expert, including an investment banker, actuary, appraiser, certified public accountant, or other expert, that assesses the full and fair market value of the nonprofit health care entity; (3) Copies of all contracts and other agreements between the parties or their officers, directors, board members, or other fiduciaries, including any contracts or other final agreements relating to the close of t...

...ndently qualified experts, including an investment banker, actuary, appraiser, certified public accountant, or other expert, as the attorney general considers reasonably necessary to provide assistance in making a decision under this section. The nonprofit health care entity shall promptly reimburse the attorney general for the cost of retaining experts. The cost of retaining an expert shall not exceed an amount tha...

...ability is limited to the amount of the investment. "Shares" does not include a general partnership interest or any other interest involving general liability. (Y) "State bank" means a bank doing business under authority granted by the superintendent of financial institutions. "State bank" includes a state bank that elects to operate as a savings and loan association under section 1109.021 of the Revised Code. (Z) ...

...e legality of banks organized, loans or investments made or committed to be made, or transactions completed or committed before the effective date of this amendment . (C) Except as otherwise provided in this section, Chapters 1101. to 1127. of the Revised Code do not affect the status of any bank organized, or any banking office established or authorized, before the effective date of this amendment . (D) Chapters 1...

...able trust, business trust, real estate investment trust, personal trust, or other bona fide trust may use the word "trust" or a word or words of similar meaning in any other language, in a designation or name, or as part of a designation or name, under which business is or may be conducted. (d) A person, whether operating for profit or not, may use "trust" or a word or words of similar meaning in any other language...

...d of directors on loans, discounts, and investments made or authorized. The minutes of all committees of the board of directors shall be submitted to the board of directors for review at each meeting of the board of directors.

...aken on a refinancing plan involving an investment that was legal at the time it was made. The superintendent may, upon application by a state bank, grant the bank the power to hold the shares for a longer time. (2) The superintendent may, at any time, require a state bank to obtain an independent qualified appraisal of the shares the bank owns or holds in accordance with division (B) of this section. (C) The limit...

...(A) A state bank may purchase, acquire by lease, or otherwise invest in the real estate and interests in real estate the board of directors considers necessary or convenient for transaction of the bank's business, including by ownership of an entity having as its exclusive authority the ownership and management of the bank's real estate interests. (B) A state bank may invest an amount equal to the greater of the ban...

...a state bank may underwrite and deal in investments in the form of bonds, notes, debentures, or other debt securities that are any of the following: (A) The direct obligation of or guaranteed by the United States; (B) The direct obligation of or guaranteed by any state of the United States or any political subdivision of any state of the United States; (C) Acceptable to the superintendent.

...eby created in the state treasury. Any investment income of the secretary of state alternative payment program fund shall be credited to that fund and used to operate the alternative payment program. Within two working days following the deposit of funds to the credit of the secretary of state alternative payment program fund, the secretary of state shall pay those funds to the credit of the corporate and unif...

...ion, payment of current obligations, or investment, be treated as a deposit in the trust company. Such moneys may also be deposited in an affiliate of the trust company that is authorized to receive deposits, or in any other institution that is authorized to receive deposits. In the event the trust company, affiliate, or other institution in which such moneys are deposited becomes insolvent, closes, or is suspended, ...

...(1) Annual account reviews; (2) Annual investment reviews; (3) Trust accountings; (4) Account correspondence; (5) Completion of trust account tax returns; (6) Distribution of account statements. (E) Maintain all of the following: (1) A minimum of three directors or managers, at least one of whom is a resident of this state; (2) A minimum stockholders' equity of an amount determined by the division of financia...

... the warrant was originally drawn. All investment earnings on moneys deposited in the state treasury shall be credited to the general revenue fund unless: (A) The disposition of the earnings is otherwise provided for by law; (B) The director has provided in the plan approved under section 131.36 of the Revised Code that a different fund is entitled to the earnings.