Effective: May 20, 2014
Latest Legislation: Senate Bill 98 - 130th General Assembly
Every credit union shall have and maintain a statutory agent upon whom any process, notice, or demand required or permitted by statute to be served upon a credit union may be served. The agent shall be one of the following:
(A) A natural person who is a resident of this state;
(B) A domestic or foreign corporation, nonprofit corporation, limited liability company, partnership, limited partnership, limited liability partnership, limited partnership association, professional association, business trust, or unincorporated nonprofit association that has a business address in this state. If the agent is an entity other than a domestic corporation, the agent shall meet the requirements of Title XVII of the Revised Code for an entity of the agent's type to transact business or exercise privileges in this state.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Section 1733.01 | Credit Union Definitions.
Section 1733.02 | Purpose of Chapter.
Section 1733.03 | Purpose of Credit Union.
Section 1733.04 | Authority of Credit Union.
Section 1733.041 | Insurance Protection for Members' Accounts.
Section 1733.042 | Posting Notice of Insurance.
Section 1733.051 | Grounds for Termination of Services.
Section 1733.06 | Statutory Agent.
Section 1733.07 | Forming a Credit Union.
Section 1733.08 | Accepting Articles by Secretary of State.
Section 1733.09 | Meeting of Incorporators.
Section 1733.10 | Initial Meeting of Board of Directors.
Section 1733.11 | Action Taken Without Meeting.
Section 1733.12 | Annual Meeting.
Section 1733.14 | Quorum at Member Meeting.
Section 1733.15 | Board of Directors.
Section 1733.152 | Appointment of Associate Directors.
Section 1733.16 | Board Meetings.
Section 1733.17 | Quorum of Board.
Section 1733.18 | Vacancies on Board - Removal of Director.
Section 1733.181 | Removal From Office.
Section 1733.19 | Establishment of Committees - Advisory Board.
Section 1733.191 | Notice of Outside Auditor.
Section 1733.20 | Officers - Duties.
Section 1733.21 | Binding Effect of Acts of Minor Officer.
Section 1733.22 | Compensation and Benefits.
Section 1733.23 | Fidelity Bond.
Section 1733.24 | Deposits; Shares and Accounts; Withdrawals.
Section 1733.241 | Payment on Joint Account - Contract for Payment on Death.
Section 1733.242 | Acceptance of Property for Safekeeping - Transactions With Minors.
Section 1733.243 | Claims to Property in Safekeeping - Bond of Claimant.
Section 1733.25 | Loans - Interest.
Section 1733.251 | Alternative Interest Rate.
Section 1733.252 | Compliance With Secure and Fair Enforcement for Mortgage Licensing Act.
Section 1733.253 | Permissible Charges Under a Revolving Credit Agreement.
Section 1733.27 | Fiscal Year.
Section 1733.28 | Financial Statement.
Section 1733.29 | Permanent Records.
Section 1733.291 | Preservation of Records - Retention Period - Disposal.
Section 1733.292 | Process for Retention of Documents - Approval - Use as Evidence.
Section 1733.30 | Investments.
Section 1733.31 | Reserve Accounts - Liquidity Fund.
Section 1733.32 | Powers of Superintendent of Financial Institutions.
Section 1733.321 | Credit Unions Fund.
Section 1733.322 | Requesting Outside Auditor to Review Results of Examination.
Section 1733.323 | Issuing Administrative Guidelines.
Section 1733.324 | Issuing Cease-and-Desist Order.
Section 1733.325 | Setting Supervisory Conference.
Section 1733.326 | Forfeiture and Civil Penalty for Noncompliance With Order or Agreement.
Section 1733.327 | Confidentiality.
Section 1733.328 | Frequency of Credit Union Examinations.
Section 1733.329 | Credit Union Council.
Section 1733.3210 | Duties of Council.
Section 1733.33 | Amendments to Articles or Regulations.
Section 1733.34 | Merger of Credit Unions.
Section 1733.341 | Conversions.
Section 1733.35 | Dissolution.
Section 1733.361 | Appointment and Removal of Conservator - Duties of Conservator.
Section 1733.37 | Liquidation.
Section 1733.38 | Qualification of Foreign Credit Union.
Section 1733.39 | Requirements for Doing Business.
Section 1733.40 | Annual Report.
Section 1733.41 | Additional Rules and Regulations.
Section 1733.411 | Adoption of Administrative Rules.
Section 1733.412 | Powers of Federal Credit Unions Granted to State Chartered Credit Unions.
Section 1733.42 | Computing Time for Giving Notice.
Section 1733.43 | Exemption From Franchise Tax and Report.
Section 1733.44 | Prohibition Against Use of Words Credit Union.
Section 1733.441 | False Advertising.
Section 1733.45 | Applicability of General Corporation Laws.
Section 1733.47 | Criminal Records Check to Be Requested by Superintendent.