Ohio § 1112.03
Full text of Ohio Ohio Revised Code § 1112.03, with citation guidance and answers to common questions.
§ 1112.03.
(A)(1) A family trust company may be, but is not required to be, licensed under this chapter. If a family trust company does not apply for a license under this chapter, it is
not subject to supervision by the superintendent of financial institutions, so long
as the family trust company meets the criteria as set forth in this chapter for an
unlicensed family trust company. It shall, however, before commencing operations as a family trust company and annually
thereafter, submit to the superintendent an affidavit signed by a senior officer of
the family trust company verifying that the family trust company meets all of the
requirements set forth under this chapter to transact business as an unlicensed family
trust company in this state. The superintendent may charge and collect a fee from the unlicensed family trust
company when the unlicensed family trust company files the affidavit with the superintendent. (2) If the superintendent requires a fee under division (A)(1) of this section, the superintendent
shall adopt rules in accordance with Chapter 119. of the Revised Code to establish
the amount of the fee. (B) Except as otherwise provided in this chapter, a family trust company licensed under
this chapter is not subject to any other chapter of Title XI of the Revised Code.
Frequently Asked Questions About Ohio § 1112.03
What does Ohio Revised Code § 1112.03 cover?
Section 1112.03 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 § 1112.03?
A common citation format is "Ohio Revised Code § 1112.03" (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 § 1112.03 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.