2006 Ohio Revised Code - 1109.59. Borrowing authority generally.
§ 1109.59. Borrowing authority generally.
A 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
section 1107.05 of the Revised Code.
HISTORY: 146 v H 538. Eff 1-1-97.
The effective date is set by section 10 of HB 538.
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