Effective: January 1, 2018 Latest Legislation: House Bill 49 – General Assembly A stock state banking corporation shall be created, organized, and governed, its business shall be conducted, and its directors shall be chosen, in all respects in the same manner as is provided by Chapters 1701. and 1704. of the Revised Code, for corporations […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Five or more natural persons, at least one of whom is a resident of this state, may, with the approval of the superintendent of financial institutions, incorporate a stock state bank. (B) The persons proposing to incorporate a stock state bank […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Within ten days after receipt from the superintendent of financial institutions of notice of acceptance of an application for approval to incorporate a stock state bank, the incorporators shall publish notice of the proposed incorporation in a newspaper of general circulation […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A stock state bank’s articles of incorporation shall contain all of the following: (1) The name of the bank; (2) The place in this state where the bank’s principal place of business is to be located; (3) The purpose or purposes […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Before any subscription to shares has been received, the incorporators may, by unanimous written action and subject to the requirements of this section, adopt amendments to the stock state bank’s articles of incorporation or amended articles of incorporation to change any […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) After the secretary of state has filed the articles of incorporation and certificate of approval of the superintendent of financial institutions, the incorporators, or a majority of them, shall order books to be opened for subscription to the stock state bank’s […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A stock state bank organized under Chapter 1113. of the Revised Code shall not accept deposits, incur indebtedness, or transact any business except business that is incidental to its organization or to the obtaining of subscriptions to or payment for its […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) The superintendent of financial institutions shall issue a certificate of authority to commence business if: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1113.08 of the Revised Code and any other facts within the knowledge of […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly Each stock state bank shall have a code of regulations for its governance as a corporation, the conduct of its affairs, and the management of its property. The code of regulations shall be consistent with the law of this state and the […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) After subscriptions to shares have been received by the incorporators, the shareholders of a stock state bank may, subject to the requirements of this section, adopt amendments to the bank’s articles of incorporation or adopt amended articles of incorporation to change […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) After subscriptions to shares have been received by the incorporators, the board of directors of a stock state bank may, subject to the requirements of this section, adopt amendments to the bank’s articles of incorporation to do any of the following: […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) A stock state bank’s shareholders shall hold an annual meeting in accordance with this section and the bank’s articles of incorporation and code of regulations. The purposes of the annual meeting shall include the election of directors and the presentation of […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Prior to each annual meeting of its shareholders, each stock state bank shall make basic financial information available to its shareholders in accordance with this section unless the bank is either of the following: (1) Subject to the registration requirements of […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly Except as otherwise expressly provided in the terms for any class of shares issued by a stock state bank, every holder of the bank’s voting shares, in elections of directors and in deciding other questions at meetings of shareholders, is entitled to […]
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Each stock state bank shall keep correct and complete books and records of account, together with records of the proceedings, including minutes of any meetings, of its incorporators, shareholders, directors, and committees of the directors, and records of its shareholders showing […]
