Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
All assets, rights, obligations, and liabilities of a reorganizing mutual state bank that are not expressly retained by the mutual holding company shall be transferred to the resulting stock state bank.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1116 | Mutual Holding Companies
Section 1116.01 | Definitions.
Section 1116.02 | Creation, Organization, and Governance.
Section 1116.05 | Mutual State Bank Reorganization as Mutual Holding Company.
Section 1116.06 | Application for Reorganization.
Section 1116.07 | Reorganization Plans.
Section 1116.08 | Approval; Filing With Secretary of State.
Section 1116.09 | Membership Rights.
Section 1116.10 | Governance by Board of Directors.
Section 1116.11 | Transfer of Assets and Liabilities.
Section 1116.12 | Deposit Accounts.
Section 1116.13 | Reorganization Plans; Amendment or Termination.
Section 1116.16 | Conversion of Mutual Holding Companies.
Section 1116.19 | Surplus Distribution.
Section 1116.20 | Subsidiary Holding Company; Issuance of Securities.