Ohio § 1109.44
Full text of Ohio Ohio Revised Code § 1109.44, with citation guidance and answers to common questions.
§ 1109.44.
(A) A state bank may invest, in the aggregate, twenty-five per cent of its assets in
the stock, obligations, and other securities of bank subsidiary corporations and bank
service corporations. (B) A state bank shall obtain the approval of the superintendent of financial institutions
prior to investing in, acquiring, or establishing a bank subsidiary corporation or
bank service corporation, or performing any new activities in a bank subsidiary corporation
or bank service corporation. (C)(1) A bank subsidiary corporation that is a wholly owned subsidiary of the state bank
may engage in any activities, except taking deposits, that are a part or an extension
of the business of banking. (2) A bank service corporation shall be owned solely by one or more banks, and may, at
any location, do any of the following: (a) Provide clerical, bookkeeping, accounting, statistical, or similar services; (b) Engage in any activities, except taking deposits, that all of its owner banks are
authorized to engage in; (c) Engage in any activity, except taking deposits, the board of governors of the federal
reserve system has determined to be permissible for a financial holding company under
section 4(k)(1) of the “Bank Holding Company Act of 1956,” as amended, 70 Stat. 133, 12 U.S.C.A. 1843(k)(1) . (D) Bank subsidiary corporations and bank service corporations are subject to examination
and regulation by the superintendent. (E) A bank subsidiary corporation or a bank service corporation may invest in a lower-tier
bank subsidiary corporation or bank service corporation, subject to the requirements
of this section.
Frequently Asked Questions About Ohio § 1109.44
What does Ohio Revised Code § 1109.44 cover?
Section 1109.44 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 § 1109.44?
A common citation format is "Ohio Revised Code § 1109.44" (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 § 1109.44 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.