Ohio Revised Code Search

... may include either of the following: (1) Options to subscribe to or purchase the bank's shares at not less than par value; (2) The right to convert the debt securities to the bank's shares, if the par value of the shares resulting from the conversion does not exceed the value on the bank's books of the debt securities being converted. (C) The terms of any option granted in connection with the issuance of debt sec...

...red or sold are any of the following: (1) Treasury shares; (2) Released from pre-emptive rights by the affirmative vote or written consent of the holders of either of the following: (a) Two-thirds of the shares entitled to the pre-emptive rights; (b) A majority of the shares entitled to the pre-emptive rights, if for offering and sale or granting options to any or all employees of the bank or any of the bank's su...

...he approval of both of the following: (1) The holders of at least two-thirds of the outstanding shares of each class of the bank's stock; (2) The superintendent. (C) A dividend or distribution may be paid in treasury shares or in authorized but unissued shares, if the board makes the required transfers to surplus and paid-in capital. (D) The approval of the superintendent is required for the declaration of divide...

...vestments" have the same meanings as in 12 U.S.C. 1467a, as amended. (B) A state bank may elect to operate as a savings and loan association by filing a written notice of that election with the superintendent of financial institutions. (C) Upon filing an election notice, a state bank shall be considered a savings and loan association if both of the following conditions are met: (1) Its qualified thrift investments...

...(A) A bank may, in good faith, rely: (1) On any and all information, agreements, documents, and signatures provided by its customers as being true, accurate, complete, and authentic and representing what they purport to represent; and (2) That the persons signing have full capacity and complete authority to execute and deliver any and all such documents and agreements and to act in such capacity as may be represent...

...fekeeping using any of the following: (1) The bank's safes, vaults, and other secure receptacles; (2) The safes, vaults, and other secure receptacles of another bank or of a safekeeping agent or custodian that is qualified under rules adopted by the superintendent of financial institutions; (3) The bank's own safekeeping system or the safekeeping system of another bank or of a safekeeping agent or custodian that i...

...(A) As used in this section: (1) "Revolving credit agreement" means an agreement pursuant to which a bank contemplates repeated transactions and the amount of credit that may be extended pursuant to the agreement is made available to the extent that any outstanding balance is repaid. "Revolving credit agreement" does not include an agreement secured by a residential mortgage. (2) "Residential mortgage" means ...

...85 of the "National Bank Act," 48 Stat. 191 (1933), 12 U.S.C.A. 85, and section 521 of the "Depository Institutions Deregulation and Monetary Control Act of 1980," 94 Stat. 132, 12 U.S.C.A. 1831d, both of the following apply: (1) All the interest and finance charges and other fees and charges authorized under division (A) of this section are deemed to be interest and may be charged, collected, and received as intere...

...k may invest in any of the following: (1) Bonds, bills, notes, or other debt securities of the United States or for which the full faith and credit of the United States is pledged for payment of principal and interest; (2) Bonds, notes, or other debt securities issued by this state, or any state of the United States, that are the direct obligation of the issuer and for which the full faith and credit of the issuer ...

...ules adopted in accordance with Chapter 119. of the Revised Code. (B)(1) The total amount any state bank may invest in the common and preferred stock, obligations, and other securities of domestic insurance companies pursuant to division (A) of this section shall not exceed ten per cent of the bank's assets. (2) A state bank may file an application with the superintendent of financial institutions for permission to...

...Pursuant to the authority of section 1121.03 of 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 th...

...ecord, if all of the following apply: (1) The process correctly and accurately copies or reproduces, or provides a means for correctly and accurately copying or reproducing, the original document, paper, or other instrument or record with regard to both its substance and appearance, except the copy or reproduction need not reflect the original paper or other medium, size, or color, unless the medium, size, or color ...

...cuments relating to a securitization: (1) Any property, assets, or rights purported to be transferred, in whole or in part, in a securitization shall be deemed to no longer be the property, assets, or rights of the transferor. (2) A transferor in a securitization, the transferor's creditors, or a bankruptcy trustee, receiver, or similar person in an insolvency proceeding involving the transferor shall have no right...

...ot apply to either of the following: (1) Any document that originates with any court or taxing authority; (2) Any publicly recorded document that is required by federal or state law to include an individual's social security number or federal tax identification number. (C) This section does not apply to documents that were executed by an individual prior to the effective date of this section.

...509.03 and division (E)(2) of section 3511.02 of the Revised Code, the secretary of state may mail unsolicited applications for absent voter's ballots to electors for a general election if all of the following apply: (1) The general assembly appropriates funds to the controlling board for that particular mailing; (2) The secretary of state submits a request to the controlling board to transfer those funds to the ...

...ho submits an application under section 111.42 of the Revised Code shall knowingly make a false attestation in the application that the applicant fears for the applicant's safety, the safety of a member of the applicant's household, or the safety of the minor, incompetent, or ward on whose behalf the application is made because the applicant, household member, minor, incompetent, or ward is a victim of domestic viole...

...rust or in any fiduciary capacity. (B)(1) Except as provided in division (B)(2) of this section, no bond or other security shall be required from any trust company with respect to any trust or when the trust company is appointed executor, administrator, guardian, trustee, receiver, assignee, or safekeeping agent. (2) A court or officer appointing a trust company executor, administrator, guardian, trustee, receiver,...

...(A)(1) Whenever an executor, administrator, guardian, or conservator of estates, assignee, receiver, depositary, safekeeping agent, or trustee is required to take and subscribe an oath or to make an affidavit, a trust company acting in that capacity may satisfy the requirement through the oath or affidavit of any authorized officer. (2) A trust company that takes and subscribes an oath or makes an affidavit is liabl...

...f financial institutions under Chapters 1101. to 1127. of the Revised Code, in addition to the specific powers, remedies, and sanctions provided for in this chapter. (B)(1) With regard to a trust company that is not a bank doing business under authority granted by the superintendent, "regulated person," as used in division (B) of this section, means a director, officer, employee, or controlling shareholder of or age...

... shall consider all of the following: (1) Whether the applicant is a corporation or limited liability company described in division (H) of section 1112.01 of the Revised Code; (2) Whether the applicant's articles of incorporation or articles of organization authorize the applicant to serve as a trustee; (3) Whether the applicant satisfies the requirements of section 1112.13 of the Revised Code; (4) Whether it is ...

...he investigation required under section 1112.07 of the Revised Code, the superintendent of financial institutions shall issue a license to the applicant if the superintendent finds that all of the following conditions are met: (1) The applicant is organized as a corporation or limited liability company under the laws of this state. (2) The articles of incorporation or articles of organization of the applicant conta...

...in and maintain all of the following: (1) Fidelity bonds in such amounts as it considers advisable, but not less than an aggregate amount of one million dollars, on any active officer, manager, family member acting in a managerial capacity, or employee, whether or not such persons receive a salary or other compensation from the family trust company, to indemnify it against loss because of any dishonest, fraudulent, ...

...ecord if all of the following apply: (1) The process correctly and accurately copies or reproduces, or provides a means for correctly and accurately copying or reproducing, the original document, paper, or other instrument or record with regard to both its substance and appearance, except the copy or reproduction need not reflect the original paper or other medium, size, or color, unless the medium, size, or color ...

...f financial institutions under Chapters 1101. to 1127. of the Revised Code, in addition to the specific powers, remedies, and sanctions provided for in this chapter. (B)(1) With regard to a licensed family trust company, "regulated person," as used in division (B) of this section, means a director, officer, employee, or controlling shareholder of or agent for the licensed family trust company or a person who parti...

...f the following requirements are met: (1) The proposed articles of incorporation and code of regulations, application for reservation of name, applicable fees, and other items required meet the requirements of the Revised Code. (2) The convenience and needs of the public will be served by the proposed bank. (3) The population and economic characteristics of the area primarily to be served afford reasonable promise...