2006 Ohio Revised Code - 1109.08. Safes, vaults, other secure receptacles.

§ 1109.08. Safes, vaults, other secure receptacles.
 

(A)  A bank may provide safes, vaults, safe deposit boxes, night depositories, and other secure receptacles for the uses, purposes, and benefits of its customers, on the terms and conditions the bank prescribes. 

(B)  A bank may, on the terms and conditions the bank prescribes, receive tangible property and evidence of tangible or intangible property for safekeeping using any of the following: 

(1) The bank's safes, vaults, and other secure receptacles; 

(2) The safes, vaults, and other secure receptacles of another bank or of a safekeeping agent or custodian that is qualified under rules adopted by the superintendent of financial institutions; 

(3) The bank's own safekeeping system or the safekeeping system of another bank or of a safekeeping agent or custodian that is qualified under rules adopted by the superintendent; 

(4) A recognized title or registration system, on the terms and conditions the bank prescribes. 
 

HISTORY: 146 v H 538. Eff 1-1-97.
 

Not analogous to former RC § 1109.08 (132 v S 97), repealed 146 v H 538, § 2, eff 1-1-97.

The effective date is set by section 10 of HB 538.