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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 5505.10 | Deposit and security.

Ohio Revised Code
/
Title 55 Roads-Highways-Bridges
/
Chapter 5505 Highway Patrol Retirement System
 
Effective:
January 1, 1966
Latest Legislation:
House Bill 840 - 106th General Assembly
PDF:
Download Authenticated PDF
 

There shall be kept available by the treasurer of state an amount not exceeding ten per cent of the total assets of the state highway patrol retirement system, on deposit in any bank in this state, organized under the laws of this state or of the United States, or with any trust company incorporated under the laws of this state. Such bank or trust company shall furnish adequate security for said deposit and the sum so deposited in any one bank or trust company shall not exceed twenty-five per cent of the paid-up capital and surplus of said bank or trust company.

Available Versions of this Section