Ohio § 1109.441 Additional investment authority

Ohio Statutes

§ 1109.441 — Additional investment authority

Ohio § 1109.441

Title 11Banks-Savings and Loan Associations

Ch. 1109State Banks - Powers

This text of Ohio § 1109.441 (Additional investment authority) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1109.441 (2026).

Text

Only for investments made under section1109.44of the Revised Code may a state bank invest in securities pursuant to section1109.39of the Revised Code or make investments pursuant to section1109.40of the Revised Code that result in any of the following:

(A)The state bank, directly or indirectly, or acting through one or more other persons, owning, controlling, or having the power to vote twenty-five per cent or more of any class of voting securities of the company in which the investment is being made;

(B)The state bank controlling in any manner the election of a majority of the directors or trustees of the company in which the investment is being made;

(C)As determined by the superintendent of financial institutions after notice and opportunity for a hearing, the state bank directly

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Only for investments made under section1109.44of the Revised Code may a state bank invest in securities pursuant to section1109.39of the Revised Code or make investments pursuant to section1109.40of the Revised Code that result in any of the following:

(A) The state bank, directly or indirectly, or acting through one or more other persons, owning, controlling, or having the power to vote twenty-five per cent or more of any class of voting securities of the company in which the investment is being made;

(B) The state bank controlling in any manner the election of a majority of the directors or trustees of the company in which the investment is being made;

(C) As determined by the superintendent of financial institutions after notice and opportunity for a hearing, the state bank directly or indirectly exercising a controlling influence over the management or policies of the company in which the investment is being made.