Ohio Revised Code Search

...shall adopt, in accordance with Chapter 119. or pursuant to section 109.74 of the Revised Code, the following rules: (A) Rules governing the training of fire investigators to qualify them to carry firearms while on duty under section 109.774 of the Revised Code. The rules shall specify the amount of training necessary for the satisfactory completion of training programs at approved peace officer training schools, o...

... have the same meanings as in section 3715.05 of the Revised Code. (B) The attorney general may enter into a contract or memorandum of understanding with the national association of drug diversion investigators or its successor organization and, if the attorney general determines it to be appropriate, a person to whom the authority to administer the national precursor log exchange has been delegated. The cont...

...f this amendment is subject to Chapters 1101. to 1127. of the Revised Code. (B) Except as otherwise provided in this section, Chapters 1101. to 1127. of the Revised Code do not affect the 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. ...

...(A)(1) Except as provided in division (A)(2) of this section, no person other than a bank doing business under authority granted by the superintendent of financial institutions, the bank chartering authority of another state, the office of the comptroller of the currency, or the bank chartering authority of a foreign country shall do either of the following: (a) Use "bank," "banker," "banking," "savings association,...

...(A) When any provision in Chapters 1101. to 1127. or Chapter 1701. of the Revised Code requires a document regarding an existing, previously existing, or proposed state bank to be filed with the secretary of state, all of the following apply: (1) The person responsible for producing the document shall deliver the document, properly completed, to the superintendent of financial institutions, along with payment for an...

...he bank, both of the following apply: (1) The designation on the signature card constitutes clear and convincing evidence of both of the following: (a) The depositor-trustee's intent is to create a revocable trust for the benefit of the person for whom the account is designated. (b) One of the terms of the trust is that, on the death of the depositor-trustee, the balance of the deposit account belongs to the perso...

...) A bank may do any of the following: (1) Accept deposits made by or on behalf of any minor and open an account however payable in the name of one or more persons, one or more or all of whom are minors, or in the name of another person as trustee for a minor, whether or not the deposit is made or the account is opened by the minor; (2) Enter into an agreement to rent a safe deposit box to a minor; (3) Accept the a...

...(A)(1) Subject to the restrictions and limitations of the Revised Code, a state bank may do any of the following: (a) Loan money, with or without security, and payable on demand, at maturity, in installments, or by any combination of these; (b) Issue, advise, and confirm letters of credit authorizing the beneficiaries of the letters to draw upon the bank or its correspondents; (c) Purchase open accounts, whether o...

...d by either or both of the following: (1) Purchasing goods or services from a seller by means of the bank's commitment to advance to the seller the payment for the goods and services purchased by the customer; (2) Obtaining an advance of funds by the bank or by another in reliance on the bank's commitment to pay the funds advanced to the customer. (B) The terms of a revolving credit agreement may permit the bank t...

...s authorized by this section or section 1109.23 of the Revised Code, no state bank may extend credit in any manner to any of its own executive officers. No executive officer of a state bank may become indebted to that bank except by means of an extension of credit the bank is authorized by this section to make. Any extension of credit made pursuant to this section shall be promptly reported to the bank's board of dir...

...(A) For purposes of this section: (1) "Bankers' bank" means a bank organized to engage exclusively in providing services to other depository institutions and depository institution holding companies and their officers, directors, and employees. (2) "Bankers' bank holding company" means a corporation that owns or controls, directly or indirectly, a majority of the shares of the capital stock of a bankers' bank, or c...

...r only the following periods of time: (1) For one year: (a) Broker's confirmations, invoices, and statements relating to security transactions of the bank or for or with its customers, after date of transaction; (b) Corporate resolutions, partnership authorizations, and similar authorizations relating to closed accounts, loans that have been paid, or other completed transactions, after date of closing, payment, or...

...ot include either of the following: (1) Communication initiated by a consumer; (2) Advertising or marketing to a person with whom the solicitor has a current or former commercial relationship. (B) Any person other than the federal government, the state, a state agency, or a local government that solicits a fee for filing a document with, or retrieving a copy or certified copy of a certificate or public record...

...ed as capital facilities under Chapter 154. of the Revised Code. The treasurer of state is authorized to issue revenue obligations under section 154.24 of the Revised Code to pay all or part of the cost of those state capital facilities as are designated by law. Boards of elections, due to their responsibilities related to the proper conduct of elections under state law, are designated as state agencies havin...

...nt if any of the following are true: (1) The program participant's application contained one or more false statements. (2) The program participant has filed a written, notarized request with the secretary of state, on a form prescribed by the secretary of state, asking to cease being a program participant. (3) The program participant's certification has expired and the program participant has not renewed the ce...

...oration that is one of the following: (1) A corporation licensed under section 1111.06 of the Revised Code that is one of the following: (a) A state bank; (b) A bank authorized to accept and execute trusts and doing business under authority granted by the bank chartering authority of another state or country; (c) A corporation organized under the laws of another state or country and authorized to accept and execu...

...nterest in the securities under Chapter 1109. of the Revised Code, as their respective interests may appear and be asserted by written notice to or demand upon the qualified trustee or by order of judgment of a court. (B) Securities pledged by a trust company to satisfy the requirements of division (A) of this section shall be one or more of the following: (1) Bonds, notes, or other obligations of or guaranteed...

... shall consider all of the following: (1) Whether the applicant is a corporation described in division (A)(1) of section 1111.02 of the Revised Code; (2) Whether the applicant's articles of incorporation or association authorize the applicant to serve as a trustee; (3) If the applicant is not a state bank, whether the applicant is currently qualified to do and is engaging in trust business in the state or country ...

...f all of the following have occurred: (1) Not less than sixty days before consummation of the transfer, either the transferor or transferee, or both, for each fiduciary account or relationship to be transferred, has given written notice, by regular mail to the most recent address shown on the records of the transferor, to all of the following that apply: (a) Each court having jurisdiction over the fiduciary account...

...the following conditions that apply: (1) The collective investment is not prohibited by the instrument, judgment, decree, or order creating the fiduciary relationship for any of the following reasons: (a) The investment is being made collectively; (b) The character of some or all of the other fiduciary relationships for which assets are also invested; (c) Any relationship, other than as an investing fiduciary,...

...y holds in any fiduciary capacity. (F)(1) A trust company that serves as a cofiduciary may, with the consent of the other cofiduciaries, do any of the following: (a) Place securities it holds in any fiduciary capacity with a custodian of securities, as provided in division (B) of this section; (b) Register and hold securities it holds in any fiduciary capacity in its own name, in the name of a nominee, or in beare...

...after notice in accordance with section 1121.37 of the Revised Code and opportunity for hearing in accordance with section 1121.38 of the Revised Code, that any of the following factors is true, the superintendent may revoke a trust company's license to do trust business in this state: (1) The existence of the trust company, or its authority to transact business, has been terminated or suspended under the laws of th...

...ate pursuant to division (A) of section 1111.32 of the Revised Code, the superintendent may take possession of the trust company's trust business in this state and may appoint a receiver for the liquidation of the trust business in this state. If the trust company has its principal place of business in this state, the superintendent may take possession of, and appoint a receiver for the liquidation of, its entire tru...

...(A)(1) A family trust company may be, but is not required to be, licensed under this chapter. If a family trust company does not apply for a license under this chapter, it is not subject to supervision by the superintendent of financial institutions, so long as the family trust company meets the criteria as set forth in this chapter for an unlicensed family trust company. It shall, however, before commencing operatio...

... the benefit of family clients only: (1)¿Act as a fiduciary, including as a personal representative, within and outside this state; (2)¿Act within and outside this state as advisory agent, agent, assignee, assignee for the benefit of creditors, attorney in fact, authenticating agent, bailee, bond or indenture trustee, conservator, conversion agent, curator, custodian, escrow agent, exchange agent, fiscal or payin...