Duties of lending institution on receipt of RC 135.805 certificate

Ohio Rev. Code Ann. § 135.806, under Chapter 135 | Uniform Depository Act.

Ohio Rev. Code Ann. § 135.806

Upon placement of a certificate of deposit with an eligible lending institution pursuant to an agreement described in section 135.805 of the Revised Code, the eligible lending institution shall do both of the following:(A) Lend funds pursuant to the agreement to an eligible borrower;(B) Comply fully with the requirements of sections 135.804 to 135.807 of the Revised Code.