Effective: January 1, 1997
Latest Legislation: House Bill 538 - 121st General Assembly
(A) Any trust company is subject to all powers of, and remedies and sanctions available to, the superintendent of financial institutions and the division of financial institutions under Chapters 1101. to 1127. of the Revised Code, in addition to the specific powers, remedies, and sanctions provided for in this chapter.
(B)(1) With regard to a trust company that is not a bank doing business under authority granted by the superintendent, "regulated person," as used in division (B) of this section, means a director, officer, employee, or controlling shareholder of or agent for the trust company or a person who participates in the management of the trust company, whether or not the person is assigned to an office of the trust company in this state or specifically to the trust company's trust business in this state.
(2) An order to cease and desist issued under section 1121.32 of the Revised Code, a removal or prohibition order issued under section 1121.33 of the Revised Code, or a suspension order issued under section 1121.34 of the Revised Code, which order is issued against a regulated person who is a regulated person because of the person's relationship with a trust company doing trust business in this state that is not a bank doing business under authority granted by the superintendent, does not affect the relationship between the regulated person and the trust company except as it relates to the conduct of the trust company's trust business in this state.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1111 | Trust Companies
Section 1111.01 | Trust Company Definitions.
Section 1111.02 | Authority to Solicit or Engage in Trust Business.
Section 1111.03 | Authority of National Bank or Federal Savings Association.
Section 1111.04 | Trust Company Pledging Securities.
Section 1111.05 | Individual, Schedule, or Blanket Fidelity Bonds for Employees and Officers.
Section 1111.06 | Applying for Trust Company License.
Section 1111.07 | No Transferring or Assigning License.
Section 1111.08 | Transferring Fiduciary Account or Relationship.
Section 1111.09 | Trust Service Offices.
Section 1111.11 | Trust Company - Powers and Duties.
Section 1111.12 | Use of Trust Companies by Courts.
Section 1111.13 | Investing of Trust Funds.
Section 1111.14 | Collective Investments.
Section 1111.15 | Purchase of Services or Products.
Section 1111.16 | Fiduciary Capacity for Holding Money and Property.
Section 1111.17 | Will, Trust Instrument or Other Authority Governs.
Section 1111.18 | Separating Fiduciary Assets and Records.
Section 1111.21 | Stated Capital Security for Faithful Discharge of Duties.
Section 1111.22 | Records Kept Separate.
Section 1111.23 | Requirements for Oaths, Affidavits and Signatures.
Section 1111.26 | Regulation by Superintendent and Division of Financial Institutions.
Section 1111.27 | Reporting to Superintendent.
Section 1111.28 | Court Order for Investigation of Trust.
Section 1111.31 | Ceasing Trust Business.