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2017 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1151 - SAVINGS AND LOAN ASSOCIATIONS - GENERALLY
Section 1151.66 - [Repealed Effective 1/1/2018] Prior written approval of acquisition of controlling interest.
Universal Citation: Ohio Rev Code § 1151.66 (2017)
Except as provided in section 1151.60 of the Revised Code, no person or entity shall, directly or indirectly, acquire a controlling interest in a savings and loan association without the prior written approval of the superintendent of savings and loan associations. The superintendent shall adopt rules, in accordance with Chapter 119. of the Revised Code, to carry out the purposes of this section, except that prior to adoption of such rules, a person or entity may acquire a controlling interest in a savings and loan association with the prior approval of the superintendent.
Repealed by 132nd General Assembly File No. TBD, HB 49, §130.23, eff. 1/1/2018.
Effective Date: 10-23-1991 .
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