Effective: September 14, 2016
Latest Legislation: House Bill 229 - 131st General Assembly
Except as otherwise provided in section 1112.04 of the Revised Code, a licensed family trust company has all the rights, privileges, and exemptions from licensing and regulation requirements that are granted by any law of this state to trust companies licensed under Chapter 1111. of the Revised Code, including, without limitation, the requirements for registration, licensing, and supervision set forth in Chapter 1707. of the Revised Code. A family trust company established under Chapter 1112. of the Revised Code is not subject to taxation under Chapter 5726. of the Revised Code.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1112 | Ohio Family Trust Company Act
Section 1112.01 | Definitions.
Section 1112.02 | Applicability to Family Trust Company.
Section 1112.04 | Powers of Family Trust Company.
Section 1112.05 | Family Trust Company Acting as Fiduciary of a Trust.
Section 1112.07 | Application for License.
Section 1112.08 | Issuance of License.
Section 1112.09 | Transfer and Assignment Prohibited.
Section 1112.10 | More Than One Place of Business.
Section 1112.11 | Limitation of Powers Before Licensure.
Section 1112.12 | Pledge of Securities.
Section 1112.13 | Fidelity Bonds; Liability Insurance.
Section 1112.14 | Duties of Licensed Family Trust Company.
Section 1112.15 | Board Meetings.
Section 1112.16 | Other Licensing and Regulation Requirements.
Section 1112.17 | Voluntary Surrender of License.
Section 1112.18 | Recordkeeping.
Section 1112.19 | Retention and Reproduction of Documents.
Section 1112.20 | Remedies and Sanctions.
Section 1112.22 | Examination of Records and Affairs.
Section 1112.23 | Confidentiality.
Section 1112.24 | Failure to Comply With Chapter or Refusal to Allow Inspection.
Section 1112.26 | Taking Possession by Superintendent.
Section 1112.27 | Ownership Interest by Superintendent Prohibited.
Section 1112.28 | Adoption of Rules.
Section 1112.99 | Penalty for Divulgence of Confidential Material.