Ohio § 1109.02
Full text of Ohio Ohio Revised Code § 1109.02, with citation guidance and answers to common questions.
§ 1109.02.
(A) In addition to exercising the powers and performing the acts authorized under Chapters
1101. to 1127. of the Revised Code, a state bank has and may exercise all powers and
perform all acts attendant to the business of banking as set forth in those chapters. (B) A state bank has and may exercise all powers, perform all acts, and provide all services
that are otherwise a part of or incidental to the business of banking. (C) In addition to what is otherwise authorized under Chapters 1101. to 1127. of the
Revised Code, a state bank has and may exercise all powers, perform all acts, and
provide all services that are permitted for national banks and federal savings associations,
other than those dealing with interest rates, regardless of the date the corresponding
parity rule adopted by the superintendent of financial institutions under section 1121.05 of the Revised Code takes effect. If a state bank intends to take any such action before the adoption of the corresponding
parity rule, the bank shall provide the superintendent with prior written notice of
the action and the basis for the action. The superintendent, within ninety days after receipt of that notice, may prohibit
the bank from taking such action if the superintendent determines it would be unsafe
or unsound for the bank.
Frequently Asked Questions About Ohio § 1109.02
What does Ohio Revised Code § 1109.02 cover?
Section 1109.02 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 § 1109.02?
A common citation format is "Ohio Revised Code § 1109.02" (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 § 1109.02 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.