Ohio § 1121.26
Full text of Ohio Ohio Revised Code § 1121.26, with citation guidance and answers to common questions.
§ 1121.26.
When considering the impact of a proposed action or transaction on the convenience
and needs of the community to be served, both of the following shall apply: (A) The superintendent of financial institutions shall assess whether the facts and circumstances
relating to the proposed action or transaction reasonably indicate that the purpose
for the proposed action or transaction is to engage in the banking business and provide
banking services in the community to be served, rather than to raise funds for other
purposes or otherwise serve a nonbanking purpose. (B) The superintendent shall not require the person proposing the action or transaction
to prove any of the following: (1) There is substantial unmet need for banking services in the community. (2) The person will bring banking services or other particular advantages to the community
that are not presently available there. (3) The action or transaction will not adversely affect an existing financial institution
in the community.
Frequently Asked Questions About Ohio § 1121.26
What does Ohio Revised Code § 1121.26 cover?
Section 1121.26 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 § 1121.26?
A common citation format is "Ohio Revised Code § 1121.26" (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 § 1121.26 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.