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18 chapters · 313 sections in this title.
Ohio Rev. Code Ann. § 1109.23 Extending credit to executive officers, directors, principal shareholders or to related interests
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(A) No state bank may extend credit to any of its executive officers, directors, or principal shareholders, or to any of their related interests, except as authorized by this section and, with respect to executive officers, as authorized by section 1109.24 of the Revised Code.(B)…
Ohio Rev. Code Ann. § 1109.24 Extending credit to executive officer - reports
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(A) Except as authorized by this section or section 1109.23 of the Revised Code, no state bank may extend credit in any manner to any of its own executive officers. No executive officer of a state bank may become indebted to that bank except by means of an extension of credit the…
Ohio Rev. Code Ann. § 1109.25 Bank's own stock as security or payment
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(A) No stock state bank shall lend money on the security of shares of its own stock or accept shares of its own stock in satisfaction of a debt, unless necessary to prevent loss on a debt previously contracted in good faith.(B) A stock state bank that accepts shares of its own st…
Ohio Rev. Code Ann. § 1109.26 Owning or holding real estate or stock acquired in satisfaction of debt
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(A)(1) A state bank may own or hold for not more than five years any real estate it acquires by foreclosure, conveyance in lieu of foreclosure, or other legal proceedings relating to loan security interests or otherwise in satisfaction of a debt previously contracted. The superin…