Ohio § 1114.06
Full text of Ohio Ohio Revised Code § 1114.06, with citation guidance and answers to common questions.
§ 1114.06.
(A) A mutual state bank organized under this chapter shall not accept deposits, incur
indebtedness, or transact any business other than business that is incidental to its
organization until the bank receives a certificate of authority to commence business
issued by the superintendent of financial institutions under section 1114.07 of the Revised Code . (B) The bank shall file a report with the superintendent when it has done everything
required by the superintendent before it can be authorized to commence business. (C) Upon receipt of the report referred to in division (B) of this section, the superintendent
shall examine the affairs of the bank and determine whether the bank has complied
with all of the requirements necessary to entitle it to engage in business.
Frequently Asked Questions About Ohio § 1114.06
What does Ohio Revised Code § 1114.06 cover?
Section 1114.06 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 § 1114.06?
A common citation format is "Ohio Revised Code § 1114.06" (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 § 1114.06 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.