Ohio § 1115.01
Full text of Ohio Ohio Revised Code § 1115.01, with citation guidance and answers to common questions.
§ 1115.01.
(A)(1) A stock state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is
approved by both the office of the comptroller of the currency and the affirmative
vote or written consent of the holders of two-thirds, or such other proportion not
less than a majority as the stock state bank's articles of incorporation require,
of the outstanding shares of each class of the bank's stock; (b) Convert into a bank, savings bank, or savings association pursuant to the laws of
another state if the conversion is approved by both the regulatory authority of the
other state and the affirmative vote or written consent of the holders of two-thirds,
or such other proportion not less than a majority as the stock state bank's articles
of incorporation require, of the outstanding shares of each class of the bank's stock. (2) A mutual state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is
approved by the office of the comptroller of the currency, the affirmative vote of
two-thirds of the mutual state bank's board of directors, and the affirmative vote
of two-thirds of the total outstanding votes eligible to be cast at the meeting at
which the plan of conversion is presented to the members for adoption; (b) Convert into a bank, savings bank, or savings association pursuant to the laws of
another state if the conversion is approved by the regulatory authority of the other
state, the affirmative vote of two-thirds of the mutual state bank's board of directors,
and the affirmative vote of two-thirds of the total outstanding votes eligible to
be cast at the meeting at which the plan of conversion is presented to the members
for adoption. (B) A state bank that converts into a national bank, a federal savings association, or
a bank, savings bank, or savings association doing business under authority granted
by the bank regulatory authority of another state shall, immediately upon the conversion
being effective, file with the superintendent of financial institutions all information
the superintendent determines is necessary to reflect in the state's records that
the bank is no longer a corporation organized and doing business under the laws of
this state.
Frequently Asked Questions About Ohio § 1115.01
What does Ohio Revised Code § 1115.01 cover?
Section 1115.01 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 § 1115.01?
A common citation format is "Ohio Revised Code § 1115.01" (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 § 1115.01 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.