2013 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1161 - SAVINGS BANKS - ORGANIZATION.
Section 1161.60 - Loans or investments authorized by directors.
(A) In addition to the other loans and investments provided for in this chapter, but subject to all other provisions of the Revised Code, a savings bank may invest up to fifteen per cent of the savings bank's assets in loans or investments authorized by the board of directors of the savings bank.
(B) If a loan or other investment is authorized under more than one section of this chapter, a savings bank may designate under which section the loan or investment has been made. A loan or investment may be apportioned among appropriate categories and may be moved, in whole or in part, from one category to another.
Effective Date: 10-23-1991
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