Ohio § 1121.51
Full text of Ohio Ohio Revised Code § 1121.51, with citation guidance and answers to common questions.
§ 1121.51.
(A) The superintendent of financial institutions may do either of the following: (1) If, in the superintendent's judgment, the condition of an asset warrants, require
the bank to do any of the following: (a) Establish specific reserves against the asset; (b) Charge the asset down to the sum that, in the judgment of the superintendent, represents
the asset's value; (c) Exclude the asset from the bank's assets. (2) Require a bank to establish general reserves against any class or category of the
bank's assets. (B) The superintendent may limit a bank's or trust company's activities and require a
bank or trust company to take affirmative actions the superintendent determines to
be appropriate to address and remedy in the bank's or trust company's operation or
condition that are found in an examination by the superintendent or any other regulatory
agency or authority or by any other means.
Frequently Asked Questions About Ohio § 1121.51
What does Ohio Revised Code § 1121.51 cover?
Section 1121.51 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 § 1121.51?
A common citation format is "Ohio Revised Code § 1121.51" (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 § 1121.51 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.