Ohio Statutes
§ 1109.59 — Authority to borrow
Ohio § 1109.59
This text of Ohio § 1109.59 (Authority to borrow) 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. § 1109.59 (2026).
Text
A state bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section1107.05of the Revised Code.
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Legislative History
Effective: January 1, 2018 | Latest Legislation: House Bill 49 - 132nd General Assembly
Nearby Sections
15
§ 1109.02
Additional and incidental powers§ 1109.05
Deposit contracts§ 1109.11
Deposits entered as U.S. money§ 1109.15
Permitted transactions§ 1109.151
No fiduciary relationship created§ 1109.16
Standards for extensions of creditCite This Page — Counsel Stack
Bluebook (online)
Ohio § 1109.59, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/1109.59.