Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
When the articles of incorporation and the superintendent of financial institutions' certificate of approval are filed with the secretary of state, the persons who have subscribed them or their successors and assigns shall become a body corporate by the name designated in the articles of incorporation, with succession. The legal existence of the state bank begins upon the filing of the articles of incorporation and, unless the articles of incorporation otherwise provide, its period of existence is perpetual.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1103 | State Banks - Corporate Governance
Section 1103.02 | Legal Existence of State Banks.
Section 1103.03 | Authority of State Bank Board of Directors.
Section 1103.18 | Officer Equivalent to Treasurer.
Section 1103.19 | Two Authorized Signatures Required.