Ohio § 1109.56 Rules for transactions with affiliates

Ohio Statutes

§ 1109.56 — Rules for transactions with affiliates

Ohio § 1109.56

Title 11Banks-Savings and Loan Associations

Ch. 1109State Banks - Powers

This text of Ohio § 1109.56 (Rules for transactions with affiliates) 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. § 1109.56 (2026).

Text

Pursuant to the authority of section1121.03of the Revised Code, the superintendent of financial institutions may adopt rules to administer and carry out the purposes of sections1109.53,1109.54, and1109.55of the Revised Code, including rules that do any of the following:

(A)Further define terms used in sections1109.53,1109.54, and1109.55of the Revised Code;

(B)If the superintendent finds them to be in the public interest and consistent with the purposes of sections1109.53,1109.54, and1109.55of the Revised Code:

(1)Exempt transactions or relationships from the requirements of sections1109.53,1109.54, and1109.55of the Revised Code;

(2)Exclude any subsidiary of a bank holding company from the definition of affiliate for purposes of sections1109.53,1109.54, and1109.55of the Revised Code

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Pursuant to the authority of section1121.03of the Revised Code, the superintendent of financial institutions may adopt rules to administer and carry out the purposes of sections1109.53,1109.54, and1109.55of the Revised Code, including rules that do any of the following:

(A) Further define terms used in sections1109.53,1109.54, and1109.55of the Revised Code;

(B) If the superintendent finds them to be in the public interest and consistent with the purposes of sections1109.53,1109.54, and1109.55of the Revised Code:

(1) Exempt transactions or relationships from the requirements of sections1109.53,1109.54, and1109.55of the Revised Code;

(2) Exclude any subsidiary of a bank holding company from the definition of affiliate for purposes of sections1109.53,1109.54, and1109.55of the Revised Code.