™Your Policy Risk Impact Agent
18 chapters · 313 sections in this title.
Ohio Rev. Code Ann. § 1105.01 Authority, number, terms and classes of directors
1.2K chars
(A) Except where the Revised Code, the articles of incorporation, or the code of regulations require action to be authorized or taken by shareholders or members, all of the authority of a state bank shall be exercised by or under the direction of the bank's board of directors. Th…
Ohio Rev. Code Ann. § 1105.02 Qualifications of board members
1.7K chars
(A)(1) Of the directors on the board of directors of a state bank:(a) A majority of the directors shall be outside directors. However, in the case of a stock state bank, if eighty per cent or more of any class of the bank's voting shares are owned by a company, a majority of the …
Ohio Rev. Code Ann. § 1105.03 Director oath
0.5K chars
(A) To qualify as a director, each person elected or appointed to the board of directors shall, within sixty days after election or appointment, take and subscribe an oath to diligently and honestly perform the duties of a director and to not knowingly violate or permit to be vio…
Ohio Rev. Code Ann. § 1105.04 Individual, schedule, or blanket fidelity bonds
0.5K chars
Each officer and employee of a state bank, prior to the discharge of the officer's or employee's duties, shall be covered by an individual, schedule, or blanket fidelity bond in favor of the bank, with terms and issuing insurer approved by the board of directors. The amount of th…