Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
Each person who holds a deposit account in a reorganizing mutual state bank or any acquiree mutual state bank immediately before the reorganization shall receive, upon consummation of the reorganization, without payment, an identical deposit account in the resulting stock state bank or acquiree mutual 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.