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2025 Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1107 | State Banks - Capital and Securities
Section 1107.13 | Bank May Purchase Its Own Shares.
Universal Citation:
OH Rev Code § 1107.13 (2025)
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Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
With the prior written approval of the superintendent of financial institutions, a stock state bank may purchase its own shares in accordance with section 1701.35 of the Revised Code.
(B) A stock state bank that acquires shares of its stock shall retire or dispose of the shares at the time and in the manner required by the superintendent.
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