Ohio § 1113.02
Full text of Ohio Ohio Revised Code § 1113.02, with citation guidance and answers to common questions.
§ 1113.02.
(A) Five or more natural persons, at least one of whom is a resident of this state, may,
with the approval of the superintendent of financial institutions, incorporate a stock
state bank. (B) The persons proposing to incorporate a stock state bank shall apply for approval
of the proposed bank by submitting the application prescribed by the superintendent,
which application shall include all of the following: (1) The proposed articles of incorporation and code of regulations; (2) An application for reservation of a name in accordance with section 1103.07 of the Revised Code , if reservation is desired by the incorporators and has not been previously filed; (3) The location and a description of the proposed initial banking office; (4) Information to demonstrate the proposed bank will satisfy the requirements of division
(C) of section 1113.03 and any other provision of the Revised Code identified by the
superintendent; (5) Any other information the superintendent requires. (C) Notwithstanding division (A) of this section, a corporation may act as the sole incorporator
of a stock state bank if either of the following applies: (1) The corporation is registered with the board of governors of the federal reserve
system as a bank holding company; (2) The superintendent determines the corporation is intending to form either of the
following: (a) A stock state bank that functions solely in a trust or fiduciary capacity and that
meets all of the requirements set forth in section 2(c)(2)(D) of the “Bank Holding
Company Act of 1956,” 70 Stat. 133, 12 U.S.C. 1841(c)(2)(D) , as amended; (b) A stock state bank that engages only in credit card operations, does not accept demand
deposits or deposits that the depositor may withdraw by check or similar means for
payment to third parties or others, does not accept any savings or time deposit of
less than one hundred thousand dollars, maintains only one office that accepts deposits,
and does not engage in the business of making commercial loans.
Frequently Asked Questions About Ohio § 1113.02
What does Ohio Revised Code § 1113.02 cover?
Section 1113.02 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 § 1113.02?
A common citation format is "Ohio Revised Code § 1113.02" (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 § 1113.02 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.