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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 1125.13 | Conduct of business during conservatorship.

Ohio Revised Code
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Title 11 Banks-Savings and Loan Associations
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Chapter 1125 Banks - Liquidations And Conservatorships
 
You are viewing a past version of this section that is no longer in effect View Current Version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
 

During the period of the conservatorship, all of the following apply:

(A) The conservator may permit the bank to continue to conduct its usual business, including the acceptance of deposits.

(B) The obligations of the bank shall continue to bear interest at the rate contracted.

(C) The conservator shall make whatever reports to the superintendent of financial institutions the superintendent may from time to time require.

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