Section 1115.14 | Transferring Assets and Liabilities.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A state bank may transfer assets and liabilities to, and acquire assets and liabilities from, another state bank, a bank doing business under authority granted by the bank regulatory authority of another state, or a national bank, savings bank, or savings […]
Section 1115.15 | Transferring Assets and Liabilities in an Emergency.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly Whenever an emergency, as defined by the superintendent of financial institutions, exists with regard to a state bank, national bank, savings bank, or savings association that warrants, in the opinion of the superintendent and of a majority of the members of the […]
Section 1115.20 | Protecting Rights of Creditors.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) In any transfer under this chapter, the rights of creditors shall be preserved unimpaired and, unless otherwise provided, the constituent corporations shall be deemed to continue their separate existence if the continuation is necessary to preserve any creditor’s rights. (B) In […]
Section 1115.23 | Interim Banks.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Any person, singly or jointly with others, may, with the approval of the superintendent of financial institutions, incorporate an interim bank for the purpose of facilitating the creation of a bank holding company, the acquisition of or transaction with an existing […]
Section 1115.24 | Shelf Charter.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) As used in this section: (1) “Applicant” means the person or persons seeking a shelf charter under this section. (2) “Control” has the same meaning as in section 1115.06 of the Revised Code and any rules adopted under that section. (3) […]
Section 1115.27 | Merging With Affiliate.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A state bank may merge with any of its affiliates with the approval of all of the following: (1) The directors of all constituent corporations to the merger; (2)(a) The shareholders of each constituent stock state bank by the affirmative vote […]
Section 1115.01 | Converting State Stock Bank Into National.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A)(1) A stock state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is approved by both the office of the comptroller of the currency and the affirmative vote or […]
Section 1115.02 | Conversion of National or Other Institution Into State Stock Bank.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly A national bank, a bank doing business under authority granted by the bank regulatory authority of another state, a savings association, a savings bank, or a state or federally chartered credit union may, with the approval of the superintendent of financial institutions, […]
Section 1115.03 | Conversion of Mutual State Banks and Stock State Banks.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A)(1) A mutual state bank may convert into a stock state bank if the conversion is approved by the superintendent of financial institutions, the affirmative vote of two-thirds of the mutual state bank’s board of directors, and the affirmative vote of two-thirds […]
Section 1115.05 | Acquisitions.
Effective: September 1, 2021 Latest Legislation: House Bill 133 – 134th General Assembly (A) As used in this section: (1) “Acquire” or “acquisition” means any of the following transactions or actions: (a) A merger or consolidation with, or purchase of assets from, a bank holding company that has acquired an Ohio bank; (b) The acquisition […]