Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
(A) In any transfer under this chapter, the rights of creditors shall be preserved unimpaired and, unless otherwise provided, the constituent corporations shall be deemed to continue their separate existence if the continuation is necessary to preserve any creditor's rights.
(B) In any consolidation or merger under section 1115.11 of the Revised Code, the rights and obligations of the surviving or new bank shall be governed by section 1701.82 of the Revised Code.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1115 | Banks - Acquisitions and Reorganizations
Section 1115.01 | Converting State Stock Bank Into National.
Section 1115.02 | Conversion of National or Other Institution Into State Stock Bank.
Section 1115.03 | Conversion of Mutual State Banks and Stock State Banks.
Section 1115.05 | Acquisitions.
Section 1115.06 | Notifying Superintendent of Proposed Acquisition.
Section 1115.07 | Report of Outstanding Credit.
Section 1115.11 | State Bank Consolidations or Mergers.
Section 1115.111 | Management or Consulting Fees.
Section 1115.14 | Transferring Assets and Liabilities.
Section 1115.15 | Transferring Assets and Liabilities in an Emergency.
Section 1115.20 | Protecting Rights of Creditors.
Section 1115.23 | Interim Banks.