Ohio § 1115.20 Protecting rights of creditors

Ohio Statutes

§ 1115.20 — Protecting rights of creditors

Ohio § 1115.20

Title 11Banks-Savings and Loan Associations

Ch. 1115Banks - Acquisitions And Reorganizations

This text of Ohio § 1115.20 (Protecting rights of creditors) 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. § 1115.20 (2026).

Text

(A)In any transfer under this chapter, the rights of creditors shall be preserved unimpaired and, unless otherwise provided, the constituent corporations shall be deemed to continue their separate existence if the continuation is necessary to preserve any creditor's rights.

(B)In any consolidation or merger under section1115.11of the Revised Code, the rights and obligations of the surviving or new bank shall be governed by section1701.82of the Revised Code.

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(A) In any transfer under this chapter, the rights of creditors shall be preserved unimpaired and, unless otherwise provided, the constituent corporations shall be deemed to continue their separate existence if the continuation is necessary to preserve any creditor's rights.

(B) In any consolidation or merger under section1115.11of the Revised Code, the rights and obligations of the surviving or new bank shall be governed by section1701.82of the Revised Code.