Ohio Revised Code Search

... 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...

...n shall contain all of the following: (1) The name of the bank; (2) The place in this state where the bank's principal place of business is to be located; (3) The purpose or purposes for which the bank is formed; (4) The maximum number and the par value of shares the bank is authorized to have outstanding and their express terms, if any. The articles of incorporation shall not authorize shares without par value. ...

...of authority to commence business if: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1113.08 of the Revised Code and any other facts within the knowledge of the superintendent, that the stock state bank is otherwise entitled to commence business. (2) With respect to a stock state bank that, upon commencing business, would be authorized to accept deposits other than tru...

...requirements of one of the following: (1) The basic financial information required to be made available to shareholders of a stock state bank prior to the annual meeting pursuant to section 1113.15 of the Revised Code; (2) The financial statements required to be presented at the annual meeting of a corporation pursuant to section 1701.38 of the Revised Code; (3) The financial statements required under federal law ...

...n shall include all of the following: (1) The proposed articles of incorporation and code of regulations; (2) An application for reservation of a name in accordance with section 1103.07 of the Revised Code, if reservation is desired by the incorporators and has not been previously filed; (3) The location and a description of the proposed initial banking office; (4) Information to demonstrate the proposed bank wil...

...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 population and economic characteristics of the area primarily to be served afford reasonable promise of adequate support for the proposed bank. (3) The competence, experience, and i...

...n shall contain all of the following: (1) The name of the bank; (2) The place in this state where the bank's principal place of business is to be located; (3) The purpose or purposes for which the bank is formed. (B) The articles of incorporation may also set forth any lawful provision for the purpose of defining, limiting, or regulating the exercise of the authority of the bank, the incorporators, the directors,...

... of the following conditions are met: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1114.06 of the Revised Code and any other facts within the knowledge of the superintendent, that the mutual state bank is otherwise entitled to commence business. (2) The superintendent has received from the federal deposit insurance corporation written confirmation that it has approve...

...e for their rights and privileges. (C)(1) Unless otherwise provided in the articles of incorporation or code of regulations, a proxy granted by a depositor to the officers and directors of a mutual state bank shall expire on the date specified in the proxy. If no date is so specified, the authority granted by the proxy shall be perpetual. (2) On and after the effective date of this section , the writing or verifiab...

...iven in either of the following ways: (1) By publication, once each week on the same day of the week for three consecutive weeks immediately preceding the date of the meeting in a newspaper published in and of general circulation in the county in which the principal office of the bank is located, of a notice containing the name of the bank and the purpose, place, date, and hour of the meeting; (2) By notice served ...

...(A)(1) A stock state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is approved by both the office of the comptroller of the currency and the affirmative vote or written consent of the holders of two-thirds, or such other proportion not less than a majority as the stock state bank's articles of incorporation require, of the outstanding shares of ...

...(A)(1) A mutual state bank may convert into a stock state bank if the conversion is approved by the superintendent of financial institutions, the affirmative vote of two-thirds of the mutual state bank's board of directors, and the affirmative vote of two-thirds of the total outstanding votes eligible to be cast at the meeting at which the plan of conversion is presented to the members for adoption. (2) A stock stat...

...ons the items required in divisions (B)(1) and (2) of section 1113.02 of the Revised Code. (C) Approval of the interim bank pursuant to this section does not authorize the interim bank to commence business. Approval of the interim bank shall be specifically conditioned on approval of the subsequent reorganization. The approval of the interim bank becomes void, and the interim bank shall be dissolved, if the reorgani...

...ets both of the following conditions: (1) It is acquired by a mutual holding company as part of, and concurrently with, a mutual holding company reorganization. (2) It is in the mutual form immediately prior to the acquisition. (B) "Reorganization plan" means the plan to reorganize into a mutual holding company structure described in section 1116.07 of the Revised Code. (C) "Reorganizing mutual state bank" means ...

...ompany shall do all of the following: (1) Confer upon existing and future depositors of the resulting stock state bank the same membership rights in the mutual holding company as were conferred upon depositors by the articles of incorporation or code of regulations of the reorganizing mutual state bank in effect immediately prior to the reorganization; (2) Confer upon existing and future depositors of any acquiree ...

... directors, do both of the following: (1) Divide equitably any surplus that is in excess of the amount required for the operations of the mutual holding company or to maintain the safety and soundness of the mutual holding company; (2) Distribute that surplus to the respective depositors of its subsidiary stock state banks in accordance with their membership rights. (B) If the superintendent of financial instituti...

...ior to doing either of the following: (1) Changing the banking office's schedule of operation from part-time to full-time or full-time to part-time; (2) If the banking office is operated by use of a mobile facility, adding or eliminating any location at which the banking office transacts business within the banking office's service area or changing the banking office's schedule of operation.

... shall consider all of the following: (1) The adequacy of the management of both the contracting bank and the other banks, savings banks, and savings associations; (2) The adequacy of the capital of both the contracting bank and the other banks, savings banks, and savings associations; (3) The adequacy of the operations and controls of both the contracting bank and the other banks, savings banks, and savings assoc...

...t shall include all of the following: (1) Assets the foreign bank has pledged as required by section 1119.09 of the Revised Code; (2) Reserves the foreign bank is required to maintain with the federal reserve with respect to the foreign bank's agencies and branches in this state; (3) Assets pledged and surety bonds payable to the federal deposit insurance corporation with respect to the foreign bank's agencies and...

...cy, or branch is conducting business: (1) The corporation that is to be the resulting corporation in the reorganization or the acquiring corporation shall do either of the following: (a) Obtain an appropriate license to conduct the activities it proposes to conduct in this state and make all changes to conform the business being acquired to the requirements and limitations of the license obtained; (b) Obtain the a...