Ohio § 1109.31
Full text of Ohio Ohio Revised Code § 1109.31, with citation guidance and answers to common questions.
§ 1109.31.
(A) A state bank may purchase, acquire by lease, or otherwise invest in the real estate
and interests in real estate the board of directors considers necessary or convenient
for transaction of the bank's business, including by ownership of an entity having
as its exclusive authority the ownership and management of the bank's real estate
interests. (B) A state bank may invest an amount equal to the greater of the bank's capital or ten
per cent of its total assets in any other real estate. This limitation does not apply, however, to real estate acquired by foreclosure,
conveyance in lieu of foreclosure, or other legal proceedings relating to loan security
interests or otherwise in satisfaction of a debt previously contracted.
Frequently Asked Questions About Ohio § 1109.31
What does Ohio Revised Code § 1109.31 cover?
Section 1109.31 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 § 1109.31?
A common citation format is "Ohio Revised Code § 1109.31" (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 § 1109.31 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.