Ohio Revised Code Search

...tions may do either of the following: (1) If, in the superintendent's judgment, the condition of an asset warrants, require the bank to do any of the following: (a) Establish specific reserves against the asset : (b) Charge the asset down to the sum that, in the judgment of the superintendent, represents the asset's value; (c) Exclude the asset from the bank's assets. (2) Require a bank to establish general rese...

...brought under Title XI or under Chapter 1309., 1317., or 1345. of the Revised Code, and shall not be subject to any sanction by the superintendent of financial institutions, if all of the following conditions are met: (1) The bank, trust company, or person shows by a preponderance of evidence that the compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintenance of proc...

...r was appointed to fill a vacancy. (D)(1) At least six of the eight members appointed to the commission shall be, at the time of appointment, executive officers of state banks, savings and loan associations, or savings banks, and all of the members appointed to the commission shall have banking experience as a director or officer of a bank, savings bank, or savings association insured by the federal deposit insuranc...

...perintendent in accordance with section 1121.29 of the Revised Code; (E) Determine whether to increase the schedule of assessments as provided in division (A)(3) of section 1121.29 of the Revised Code; (F) Determine, as provided in division (D) of section 1121.12 of the Revised Code, both of the following: (1) Whether there is reasonable cause to believe that there is a significant risk of imminent material harm t...

... provisions for all of the following: (1) The settlement of all debts and liabilities, including the claims of account holders, owed by the bank; (2) The distribution of the bank's assets that remain after the settlement of debts and liabilities to all persons entitled to them; (3) The disposition or maintenance of any remaining or unclaimed funds, real or personal property, either tangible or intangible, or other...

...dated shall do both of the following: (1) Publish a notice of the voluntary liquidation once a week for four consecutive weeks in a newspaper of general circulation in the county in which the bank's principal place of business is located; (2) Give written notice of the voluntary liquidation, either personally or by mail, to all known creditors of and all known claimants against the bank. (B) Compliance with the no...

...all have all of the following powers: (1) To take possession of all books, records of account, and assets of the state bank; (2) To have and exercise, in the name and on behalf of the bank, all the rights, powers, and authority of the officers and directors of the bank and all voting rights of its shareholders or members; (3) To collect all debts, claims, and judgments belonging to the bank and to take any other a...

...ral deposit insurance corporation. (H)(1) In the case of a stock state bank, the bank has an impairment of paid-in capital. (2) In the case of a mutual state bank, the bank has an impairment of retained earnings.

...all have all of the following powers: (1) To take possession of all books, records of account, and assets of the state bank; (2) To collect all debts, claims, and judgments belonging to the bank and to take any other action, including the lending of money, necessary to preserve and liquidate the assets of the bank; (3) To execute in the name of the bank any instrument necessary or proper to effectuate the receiver...

..., at the last address of record. (B)(1) All parties having claims of any kind against the bank, including prior judgments and claims of security, preference, priority, and offset, shall present their claims substantiated by legal proof to the receiver within one hundred eighty days after the date of the first publication of notice of the claims procedure or after actual receipt of notice of the claims procedure, w...

...shall be paid in the following order: (1) Expenses of liquidation and receivership, including money borrowed under authority of division (A)(6) of section 1125.22 or division (A)(7) of section 1125.12 of the Revised Code and interest on it, and claims for fees and assessments due the superintendent of financial institutions; (2) Claims given priorities under other provisions of state or federal law; (3) Wages, sal...

...ll persons, of both of the following: (1) The commencement or continuation, including the issuance or employment of process, of a judicial, administrative, or other action or proceeding against the state bank that was or could have been commenced before the filing; (2) The enforcement against the bank of a judgment or other claim obtained before the filing, including claims of security, preference, priority, and of...

... following, to the extent applicable: (1) Declare all of the following: (a) The bank has been properly wound up. (b) All known assets of the bank have been distributed according to the distribution priorities set forth in this chapter. (c) The bank is dissolved. (2) If there are known debts or liabilities, describe the provision made for their payment, setting forth whatever information may be necessary to enabl...

...r purposes of this section and sections 1127.02 and 1127.03 of the Revised Code, "regulated person" has the same meaning as in section 1121.01 of the Revised Code. (B) Any of the following actions by a regulated person may constitute a violation of section 1127.08 of the Revised Code or of a theft, fraud, falsification, or other similar offense set forth in Title XXIX of the Revised Code, or may constitute an attemp...

...d conditions established under sections 113.50 to 113.56 of the Revised Code. For that purpose, the treasurer shall do all of the following: (1) Develop and implement the program in a manner consistent with the provisions of sections 113.50 to 113.56 of the Revised Code; (2) Engage the services of consultants on a contract basis for rendering professional and technical assistance and advice; (3) Seek rulings and o...

...(A) Nothing in sections 113.50 to 113.56 of the Revised Code creates any obligation of the treasurer of state, the state, or any state agency to guarantee for the benefit of any account owner or designated beneficiary any of the following: (1) Return of principal; (2) Rate of interest or other return on any program account; (3) Payment of interest or other return on any program account. (B) Every contract, applic...

...ontributors in accordance with sections 113.50 to 113.56 of the Revised Code that are not deposited directly with the program manager. Money shall be disbursed from the fund upon an order of the treasurer. All interest from the money in the fund shall be credited to the Ohio ABLE savings expense fund. (B)(1) The Ohio ABLE savings expense fund is hereby created in the state treasury. The fund shall consist of money ...

...ess contract entered into under section 113.60 of the Revised Code shall include provisions that do all of the following: (1) Require the treasurer of state, in consultation with the requesting state agency or agencies and the director of administrative services, or in consultation with the requesting political subdivision or group of political subdivisions, to specify performance targets to be met by the service pr...

...As used in sections 113.70 to 113.77 of the Revised Code: (A) "Expenditure" means a payment, distribution, loan, advance, reimbursement, deposit, or gift of money from a state entity to any supplier. (B) "Political subdivision" means a county, city, village, public library, township, park district, school district, regional water and sewer district, or regional transit authority. (C) "Public library" means a li...

...all include the following features: (1) A searchable database of all expenditures; (2) The ability to filter expenditures by the following categories: (a) The category of expense; (b) The Ohio administrative knowledge system accounting code for a specific good or service. (3) The ability to search and filter by any of the factors listed in section 113.72 of the Revised Code; (4) The ability to aggre...

...as a result of the repeal of section 3701.89 of the Revised Code on January 1, 2026, by H.B. 238 of the 135th General Assembly and its requirements related to the repeal of that section. All money in the fund shall be used as directed by the general assembly, which may include funding any of the following programs that the former Ohio medical quality foundation was authorized to fund in a similar manner under divisio...

...e or more of the following applies: (1) The audit is specifically required or authorized by the Revised Code; (2) The private institution, association, board, or corporation requests that the auditor of state audit some or all of its other funds or accounts; (3) All of the revenue of the private institution, association, board, or corporation is composed of public money; (4) The private institution, associat...

...xcept as otherwise provided in section 319.11 of the Revised Code, shall publish notice in a newspaper published in the political subdivision or taxing district, and if there is no such newspaper, then in a newspaper of general circulation in the political subdivision or taxing district. The notice shall state that the financial report has been completed by the public office and is available for public inspection at ...

...te containing all of the following: (1) The progress state agencies or state institutions of higher education have made in implementing the recommendations contained in recent performance audits; (2) The amount of money saved as a result of the implementation; (3) Other operational and programmatic improvements or efficiencies that have been achieved as a result of the implementation. (B) The auditor of s...

...(A) As used in this section: (1) "Entity" means, whether for profit or nonprofit, a corporation, association, partnership, limited liability company, sole proprietorship, or other business entity. "Entity" does not include an individual who receives state assistance that is not related to the individual's business. (2) "State award for economic development" means state financial assistance and expenditure in any ...