2012 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1161 - SAVINGS BANKS - ORGANIZATION
Section 1161.55 - Federal national mortgage association stock.


Ohio Rev Code § 1161.55 (2012) What's This?

A savings bank may subscribe to, buy, own, and hold stock of the federal national mortgage association as required by Title 3, section 303, of the "National Housing Act of 1954," 68 Stat. 590, 12 U.S.C. 1716, as amended. The stock shall be carried on the books of the savings bank at the cost to the savings bank.

Effective Date: 10-23-1991

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