Ohio § 1113.09
Full text of Ohio Ohio Revised Code § 1113.09, with citation guidance and answers to common questions.
§ 1113.09.
(A) The superintendent of financial institutions shall issue a certificate of authority
to commence business if: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1113.08 of the Revised Code and any other facts within the knowledge of the superintendent, that the stock state
bank is otherwise entitled to commence business. (2) With respect to a stock state bank that, upon commencing business, would be authorized
to accept deposits other than trust funds, the superintendent has received from the
federal deposit insurance corporation (FDIC) confirmation that the FDIC has approved
the bank's application to become an insured bank as defined in section 3(h) of the
“Federal Deposit Insurance Act,” 92 Stat. 614 (1978), 12 U.S.C.A. 1813(h) . A stock state bank is not required to become an insured bank as defined in section
3(h) of the “Federal Deposit Insurance Act” if, by the terms of its articles of incorporation,
it is not permitted to solicit or accept deposits other than trust funds. (B) The bank shall cause the certificate of authority to commence business to be published
once a week for two successive weeks in a newspaper of general circulation in the
county where the bank's initial banking office is located. (C) For purposes of this section, “ trust funds ” means funds held in a fiduciary capacity and includes, but is not limited to, funds
held as trustee, executor, administrator, guardian, or agent.
Frequently Asked Questions About Ohio § 1113.09
What does Ohio Revised Code § 1113.09 cover?
Section 1113.09 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 § 1113.09?
A common citation format is "Ohio Revised Code § 1113.09" (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 § 1113.09 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.