Ohio § 1113.06
Full text of Ohio Ohio Revised Code § 1113.06, with citation guidance and answers to common questions.
§ 1113.06.
(A) After the secretary of state has filed the articles of incorporation and certificate
of approval of the superintendent of financial institutions, the incorporators, or
a majority of them, shall order books to be opened for subscription to the stock state
bank's shares. An installment of not less than ten per cent of the subscription price of each share
shall be payable at the time of making the subscription, and the balance shall be
payable as soon thereafter as the board of directors requires. (B) When the stock state bank's shares have been fully subscribed, the incorporators,
or a majority of them, shall certify this fact in writing to the superintendent. The superintendent shall file the certification with the secretary of state. (C) Upon their compliance with division (B) of this section, at least a majority of the
incorporators shall give not less than ten days' notice in writing by mail to the
shareholders who have not waived the notice to meet at a specified time and place
for the purpose of adopting a code of regulations, electing directors, and transacting
any other business authorized by section 1113.08 of the Revised Code . The shareholders shall meet for those purposes at the time and place specified. (D) The incorporators shall not receive any subscriptions for shares after the election
of directors.
Frequently Asked Questions About Ohio § 1113.06
What does Ohio Revised Code § 1113.06 cover?
Section 1113.06 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 § 1113.06?
A common citation format is "Ohio Revised Code § 1113.06" (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 § 1113.06 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.