There is a newer version of the Ohio Revised Code
2013 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1109 - BANKS - POWERS.
Section 1109.61 - Paying management and consulting fees.
Ohio Rev Code § 1109.61 (2013) What's This?
No bank shall contract to pay, or pay to any person, any fees for management or consulting services, including fees for legal, accounting, brokerage, or other similar professional services, that do not have a direct relationship to the value of the services rendered or to be rendered, based on reasonable costs consistent with current market values for services of the kind contracted for.
Effective Date: 01-01-1997
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