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2018 Ohio Revised Code
Title [57] LVII TAXATION
Chapter 5701 - DEFINITIONS
Section 5701.05 - Deposits defined.
Universal Citation: Ohio Rev Code § 5701.05 (2018)
As used in Title LVII of the Revised Code, "deposits" includes every deposit which the person owning, holding in trust, or having the beneficial interest therein is entitled to withdraw in money, whether on demand or not, and whether evidenced by commercial or checking account, certificate of deposit, savings account, certificates of running, or other withdrawable stock, or otherwise, excepting:
(A) Unearned premiums and surrender values under policies of insurance;
(B) Such deposits in financial institutions outside this state as yield annual income by way of interest or dividends in excess of four per cent of the principal sum so withdrawable.
Effective Date: 06-30-1997 .
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