Ohio § 1101.16
Full text of Ohio Ohio Revised Code § 1101.16, with citation guidance and answers to common questions.
§ 1101.16.
(A) No person shall solicit, receive, or accept money or its equivalent for deposit as
a business in this state, except a state bank, an entity doing business as a bank,
savings bank, or savings association under authority granted by the bank regulatory
authority of the United States, another state of the United States, or another country,
or a credit union as defined in section 1733.01 of the Revised Code that is authorized to accept deposits in this state. (B) No bank having its principal place of business in a foreign country shall solicit,
receive, or accept deposits or transact any banking business of any kind in this state,
except in accordance with Chapter 1115. or 1119. of the Revised Code.
Frequently Asked Questions About Ohio § 1101.16
What does Ohio Revised Code § 1101.16 cover?
Section 1101.16 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1101.16?
A common citation format is "Ohio Revised Code § 1101.16" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1101.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.