Effective: September 14, 1988
Latest Legislation: House Bill 796 - 117th General Assembly
(A) The superintendent of insurance may revoke the license of any credit union share guaranty corporation that fails to comply with a final cease-and-desist order issued under section 1761.18 of the Revised Code or for any violation of this chapter or the insurance laws of this state.
(B) No license shall be revoked under this section or any other section of this chapter or the insurance laws of this state until after a hearing has been held in accordance with Chapter 119. of the Revised Code.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1761 | Credit Union Guaranty Corporations
Section 1761.01 | Credit Union Guaranty Corporation Definitions.
Section 1761.02 | Establishment, Licensing and Operation.
Section 1761.03 | General Purposes of Corporation.
Section 1761.04 | Regulation - Fees.
Section 1761.05 | Required License.
Section 1761.06 | Corporation - Powers and Duties.
Section 1761.07 | Credit Union Participation in Credit Union Share Guaranty Corporation.
Section 1761.08 | Assessing Financial Condition and Performance of Credit Union.
Section 1761.09 | Guarantees for Share Accounts.
Section 1761.10 | Guarantee Fund.
Section 1761.11 | Notification of Possession or Liquidation of Credit Union.
Section 1761.12 | Terminating Participation in Corporation of Participating Credit Union.
Section 1761.13 | Investing or Depositing Funds.
Section 1761.14 | Record and Use of Income.
Section 1761.15 | Establishing Reserve for Guaranty Losses.
Section 1761.16 | Reports of Audited Financial Statements.
Section 1761.18 | Unsafe or Unsound Practices.
Section 1761.19 | Setting Supervisory Conference.
Section 1761.20 | Civil Penalty.
Section 1761.21 | Information to Be Kept Confidential.
Section 1761.23 | License Revocation.
Section 1761.24 | State Not Liable for Deficiency.
Section 1761.26 | Criminal Records Check to Be Requested by Superintendent.