Ohio § 1109.25
Full text of Ohio Ohio Revised Code § 1109.25, with citation guidance and answers to common questions.
§ 1109.25.
(A) No stock state bank shall lend money on the security of shares of its own stock or
accept shares of its own stock in satisfaction of a debt, unless necessary to prevent
loss on a debt previously contracted in good faith. (B) A stock state bank that accepts shares of its own stock as allowed by division (A)
of this section shall retire or dispose of the shares at the time and in the manner
required by the superintendent of financial institutions. (C) For purposes of this section, the superintendent may determine that stock of a person
that controls a stock state bank, if the stock is not readily marketable, is the functional
equivalent of stock of the bank and, therefore, subject to divisions (A) and (B) of
this section.
Frequently Asked Questions About Ohio § 1109.25
What does Ohio Revised Code § 1109.25 cover?
Section 1109.25 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 § 1109.25?
A common citation format is "Ohio Revised Code § 1109.25" (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 § 1109.25 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.