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2017 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1125 - BANKS - LIQUIDATIONS AND CONSERVATORSHIPS
Section 1125.26 - [Effective 1/1/2018] Subrogation rights of federal deposit insurance corporation.
Universal Citation: Ohio Rev Code § 1125.26-2 (2017)
Whenever the federal deposit insurance corporation pays or makes available for payment the insured deposit liabilities of a state bank, the federal deposit insurance corporation, whether or not it acts as receiver, shall be subrogated to the extent of the payments to all rights of depositors against the bank.
Amended by 132nd General Assembly File No. TBD, HB 49, §130.21, eff. 1/1/2018.
Effective Date: 01-01-1997 .
Note: This section is set out twice. See also § 1125.26, effective until 1/1/2018.
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