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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 131.14 | Hypothecation - release.

Ohio Revised Code
/
Title 1 State Government
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Chapter 131 Revenues and Funds
 
Effective:
December 16, 1964
Latest Legislation:
House Bill 5 - 105th General Assembly
PDF:
Download Authenticated PDF
 

The hypothecation of the securities referred to in section 131.13 of the Revised Code shall be the proper legal transfer thereof as collateral which shall stipulate that such securities shall be the property of the depositor in case of any default on the part of the bank in its capacity as depository, and the negotiation or release thereof shall require the signature of the depositor except when the securities have been deposited with a trustee for safekeeping and eligible securities are substituted therefor as provided in section 131.15 of the Revised Code.

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