Ohio § 1117.05
Full text of Ohio Ohio Revised Code § 1117.05, with citation guidance and answers to common questions.
§ 1117.05.
(A) With the written approval of the superintendent of financial institutions, a bank
may contract with one or more other banks, savings banks, and savings associations
to provide services to the contracting bank's customers at any or all of the offices
of the other banks, savings banks, and savings associations as if the offices of the
other banks, savings banks, and savings associations were offices of the contracting
bank. (B) The superintendent shall determine whether to accept a bank's application for approval
of a contract authorized by division (A) of this section within ten business days
after receiving a bank's application for the superintendent's approval of the contract. The superintendent shall approve or disapprove the contract within thirty days after
accepting the bank's application. (C) In determining whether to approve or disapprove a contract authorized by division
(A) of this section, the superintendent shall consider all of the following: (1) The adequacy of the management of both the contracting bank and the other banks,
savings banks, and savings associations; (2) The adequacy of the capital of both the contracting bank and the other banks, savings
banks, and savings associations; (3) The adequacy of the operations and controls of both the contracting bank and the
other banks, savings banks, and savings associations; (4) Whether the contract is being used to avoid application of the criteria for establishing
a banking office under section 1117.02 of the Revised Code or any kind of business combination under Chapter 1115. of the Revised Code. (D) This section does not authorize a contracting bank to establish new deposit accounts,
extend credit, or create new banking relationships through offices of the other banks,
savings banks, and savings associations.
Frequently Asked Questions About Ohio § 1117.05
What does Ohio Revised Code § 1117.05 cover?
Section 1117.05 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 § 1117.05?
A common citation format is "Ohio Revised Code § 1117.05" (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 § 1117.05 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.