Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly No state bank shall operate without adequate capital as determined by the superintendent of financial institutions. In evaluating the adequacy of a state bank’s capital, the superintendent may consider any of the following: (A) The nature and volume of the bank’s business; […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A state bank may issue debt securities at the times, in the amounts, and subject to the terms approved in writing by the superintendent of financial institutions. (B) In the case of a stock state bank, the terms of debt securities […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly All stock state bank shares shall have par value, whether they are common shares or preferred shares.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A stock state bank may, with the approval of the bank’s board of directors, the holders of a majority of the bank’s voting shares, and the superintendent of financial institutions, adopt and carry out plans for the offering or sale of, […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Unless otherwise provided in the articles of incorporation, the holders of any class of a stock state bank’s shares, other than shares that are limited as to dividend rate and liquidation price, shall, upon the offering or sale for cash of […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly With the prior written approval of the superintendent of financial institutions, a stock state bank may purchase its own shares in accordance with section 1701.35 of the Revised Code. (B) A stock state bank that acquires shares of its stock shall retire […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly A stock state bank’s board of directors may declare dividends and distributions on the bank’s outstanding shares, subject to all of the following conditions: (A) Except as otherwise provided in division (B) of this section, payment of a dividend or distribution may […]
