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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1109.61 | Paying management and consulting fees.

Ohio Revised Code
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Title 11 Banks-Savings and Loan Associations
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Chapter 1109 State Banks - Powers
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
January 1, 1997
Legislation:
House Bill 538 - 121st General Assembly
PDF:
Download Authenticated PDF
 

No bank shall contract to pay, or pay to any person, any fees for management or consulting services, including fees for legal, accounting, brokerage, or other similar professional services, that do not have a direct relationship to the value of the services rendered or to be rendered, based on reasonable costs consistent with current market values for services of the kind contracted for.

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