Statutes, codes, and regulations
Ohio Revised Code
Title 11 - FINANCIAL INSTITUTIONS
Chapter 1109 - STATE BANKS - POWERS
Section 1109.59 - Authority to borrow

Ohio Rev. Code § 1109.59

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Current with legislation from 2024 received as of August 15, 2024.
Section 1109.59 - Authority to borrow

A state bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.

R.C. § 1109.59

Amended by 132nd General Assembly, HB 49,§130.21, eff. 1/1/2018.
Effective Date: 1/1/1997 .