Ohio § 1114.08
Full text of Ohio Ohio Revised Code § 1114.08, with citation guidance and answers to common questions.
§ 1114.08.
(A) A depositor of a mutual state bank shall be a voting member and shall have such ownership
interest in the bank as may be provided in the terms and conditions set forth in the
articles of incorporation, code of regulations, and bylaws of the bank. (B) The code of regulations of a mutual state bank may provide that all borrowers from
the bank are members and, if so, shall provide for their rights and privileges. (C)(1) Unless otherwise provided in the articles of incorporation or code of regulations,
a proxy granted by a depositor to the officers and directors of a mutual state bank
shall expire on the date specified in the proxy. If no date is so specified, the authority granted by the proxy shall be perpetual. (2) On and after the effective date of this section, the writing or verifiable communication
appointing a proxy shall be separate and distinct from any deposit agreement, loan
agreement, or any other agreement, statement, document, or disclosure provided by
a mutual state bank to a depositor.
Frequently Asked Questions About Ohio § 1114.08
What does Ohio Revised Code § 1114.08 cover?
Section 1114.08 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 § 1114.08?
A common citation format is "Ohio Revised Code § 1114.08" (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 § 1114.08 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.