Ohio Rev. Code § 1107.13

Current with legislation from 2024 received as of May 9, 2024.

Section 1107.13 - Bank may purchase its own shares

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 or dispose of the shares at the time and in the manner required by the superintendent.

R.C. § 1107.13

Amended by 132nd General Assembly File No. TBD, HB 49,§130.21, eff. 1/1/2018.

Effective Date: 1/1/1997 .