Section 1109.73 | Proceeding for Partition.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly The interests of any tenants in common, survivorship tenants, or coparceners of any tangible or intangible personal property may be partitioned under this section pursuant to a partition proceeding. A proceeding for partition under this section may be filed in the court […]
Section 1109.75 | Securitization.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Notwithstanding any other provision of law, to the extent set forth in the transaction documents relating to a securitization: (1) Any property, assets, or rights purported to be transferred, in whole or in part, in a securitization shall be deemed to […]
Section 1109.61 | Paying Management and Consulting Fees.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly No state 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 […]
Section 1109.62 | Selling Insurance.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly A state bank may engage in the business of selling insurance through a subsidiary insurance agency subject to licensing under the law of this state and the law of every other state in which services are provided by the bank or its […]
Section 1109.63 | Coin and Bullion.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly A state bank may buy, sell, and exchange coin and bullion.
Section 1109.64 | Travel Services.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly Subject to the limitations and restrictions of Chapters 1101. to 1127. of the Revised Code, a state bank shall have the power to do both of the following: (A) Operate travel agencies; (B) Engage in the sale of tickets for passage on […]
Section 1109.65 | Tax Certificate Purchase.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly In order to protect its interest in a property, a state bank may purchase a tax certificate under section 5721.32 or 5721.33 of the Revised Code.
Section 1109.68 | Using Copying or Reproduction Processes.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) A bank may, for any business purpose, retain a document, paper, or other instrument or record by use of a process to record, copy, photograph, or store a representation of the original document, paper, or other instrument or record, if all […]
Section 1109.69 | Record Retention.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Unless a longer record retention period is required by applicable federal law or regulation, each bank shall retain or preserve the following bank records and supporting documents for only the following periods of time: (1) For one year: (a) Broker’s confirmations, […]
Section 1109.45 | Investing in Clearing Corporation.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly A state bank may invest in the shares of a clearing corporation as defined by section 1308.01 of the Revised Code.