Ohio Revised Code
Chapter 1114 | Mutual State Banks
Section 1114.02 | Formation; Application for Incorporation.

Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
(A) Five or more natural persons, at least one of whom is a resident of this state, may, with the approval of the superintendent of financial institutions, incorporate a mutual state bank.
(B) The persons proposing to incorporate a mutual state bank shall apply for approval to incorporate the bank by submitting the application prescribed by the superintendent, which application shall include all of the following:
(1) The proposed articles of incorporation and code of regulations;
(2) An application for reservation of a name in accordance with section 1103.07 of the Revised Code, if reservation is desired by the incorporators and has not been previously filed;
(3) The location and a description of the proposed initial banking office;
(4) Information to demonstrate the proposed bank will satisfy the requirements of division (C) of section 1114.03 and any other provision of the Revised Code identified by the superintendent;
(5) Any other information the superintendent requires.

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