Section 1125.10 | Appointment of Conservator.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) If it appears to the superintendent of financial institutions that any one or more of the conditions set forth in section 1125.09 of the Revised Code exists as to any state bank, the superintendent may appoint a conservator, which appointment may […]
Section 1125.11 | Filing Certified Copy of Certificate of Appointment.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Upon the appointment of a conservator, the superintendent of financial institutions shall file a certified copy of the certificate of appointment in the office of the secretary of state, and thereafter no person shall obtain a lien or charge upon any […]
Section 1125.12 | Powers of Conservator.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A conservator, under the supervision of the superintendent of financial institutions and subject to any limitations imposed by the superintendent, shall have all of the following powers: (1) To take possession of all books, records of account, and assets of the […]
Section 1125.01 | Jurisdiction of Court.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) As used in this chapter, “court” means the court of common pleas of the county in which the principal place of business of a state bank, as set forth in its articles of incorporation, is located or of any other county […]
Section 1125.03 | Voluntary Liquidation.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A state bank may proceed with a voluntary liquidation and be closed only with both the consent of the superintendent of financial institutions and the prior approval of the shareholders or members of the bank by a vote as provided for […]
Section 1125.04 | Superintendent’s Consent to Voluntary Liquidation.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) If the superintendent of financial institutions consents to a voluntary liquidation, the superintendent shall cause a certified copy of the consent to be filed in the office of the secretary of state, and the state bank to be liquidated shall do […]