2006 Ohio Revised Code - 1109.39. Additional investments in stock.
§ 1109.39. Additional investments in stock.
In addition to the specific investments authorized in this chapter, a bank may also invest, in the aggregate, no more than ten per cent of its assets in the common or preferred stock, obligations, or other securities of any corporations, as authorized by the bank's board of directors.
HISTORY: 146 v H 538. Eff 1-1-97.
Not analogous to former RC § 1109.39 (132 v S 137; 133 v H 1), repealed 146 v H 538, § 2, eff 1-1-97.
The effective date is set by section 10 of HB 538.
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