Ohio Revised Code
Chapter 1107 | State Banks - Capital and Securities
Section 1107.13 | Bank May Purchase Its Own Shares.

Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
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.

Structure Ohio Revised Code