Ohio § 1113.16
Full text of Ohio Ohio Revised Code § 1113.16, with citation guidance and answers to common questions.
§ 1113.16.
Except as otherwise expressly provided in the terms for any class of shares issued
by a stock state bank, every holder of the bank's voting shares, in elections of directors
and in deciding other questions at meetings of shareholders, is entitled to one vote
for each share held and shall not accumulate the votes unless otherwise provided in
the articles of incorporation. Any shareholder eligible to vote may vote by proxy authorized in writing. An appointment of a proxy shall expire in accordance with division (C) of section 1701.48 of the Revised Code . Unless the articles of incorporation, the code of regulations, or the contract of
subscription otherwise provides, a subscriber for authorized shares is a shareholder
for the purposes of this section, but no shares upon which an installment of the purchase
price is overdue and unpaid shall be voted.
Frequently Asked Questions About Ohio § 1113.16
What does Ohio Revised Code § 1113.16 cover?
Section 1113.16 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 § 1113.16?
A common citation format is "Ohio Revised Code § 1113.16" (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 § 1113.16 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.