Ohio § 1111.05 Individual, schedule, or blanket fidelity bonds for employees and officers

Ohio Statutes

§ 1111.05 — Individual, schedule, or blanket fidelity bonds for employees and officers

Ohio § 1111.05

Title 11Banks-Savings and Loan Associations

Ch. 1111Trust Companies

This text of Ohio § 1111.05 (Individual, schedule, or blanket fidelity bonds for employees and officers) 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. § 1111.05 (2026).

Text

Prior to soliciting or engaging in trust business in this state, and at all times while engaging in trust business in this state, a trust company shall have all of the following:

(A)Individual, schedule, or blanket fidelity bonds in favor of the trust company covering each of the trust company's employees and officers in an amount reasonable for the size and nature of the trust company's business;

(B)Capital, in combination with other financial support such as insurance in favor of the trust company against errors and omissions by any of the trust company's employees and officers, adequate for the size and nature of the trust company's business;

(C)Management and personnel adequate in number and qualifications for the size and nature of the trust company's business.

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Prior to soliciting or engaging in trust business in this state, and at all times while engaging in trust business in this state, a trust company shall have all of the following:

(A) Individual, schedule, or blanket fidelity bonds in favor of the trust company covering each of the trust company's employees and officers in an amount reasonable for the size and nature of the trust company's business;

(B) Capital, in combination with other financial support such as insurance in favor of the trust company against errors and omissions by any of the trust company's employees and officers, adequate for the size and nature of the trust company's business;

(C) Management and personnel adequate in number and qualifications for the size and nature of the trust company's business.