Ohio § 1112.24
Full text of Ohio Ohio Revised Code § 1112.24, with citation guidance and answers to common questions.
§ 1112.24.
(A) The superintendent of financial institutions may revoke a license issued under this
chapter if, after notice and an opportunity for hearing in accordance with Chapter
119. of the Revised Code (which hearing shall not be open to the public), the superintendent
finds either of the following: (1) An officer or director of, or any manager or family member acting in a managerial
capacity for, the licensed family trust company has failed to comply with any provision
of this chapter. (2) The licensed family trust company, or any person authorized to act on its behalf,
refuses to allow the superintendent or any deputy or examiner appointed by the superintendent
to inspect all books, records, papers, and effects related to the family trust company's
business. (B) In addition to any other remedy provided under this chapter, the superintendent may
impose a fine of not more than ten thousand dollars upon either of the following: (1) A person who fails to comply with any provision of this chapter or any rule adopted
thereunder; (2) A family trust company that is not licensed under this chapter that operates in any
manner that is authorized only for licensed family trust companies.
Frequently Asked Questions About Ohio § 1112.24
What does Ohio Revised Code § 1112.24 cover?
Section 1112.24 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 § 1112.24?
A common citation format is "Ohio Revised Code § 1112.24" (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 § 1112.24 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.