2013 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1133 - SOCIETIES FOR SAVING.
Section 1133.12 - No loans to officers or trustees.


Ohio Rev Code § 1133.12 (2013) What's This?

No officer or trustee of a society incorporated under this chapter shall, on or after January 1, 1968, borrow any of its funds, become surety for loans by it to others, or directly or indirectly, on behalf of himself or herself or of others, become an obligor for money borrowed from the corporation.

Effective Date: 01-01-1997

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