Ohio § 1125.05

Full text of Ohio Ohio Revised Code § 1125.05, with citation guidance and answers to common questions.

§ 1125.05.

(A) A voluntary liquidation of a state bank shall be conducted only with the continued

supervision of the superintendent of financial institutions.  The superintendent may conduct any additional examinations of the bank the superintendent

considers necessary or appropriate. (B) If the superintendent has reason to conclude the liquidation of a state bank is not

being safely or expeditiously conducted, the superintendent may take possession of

the business and property of the bank in the same manner, with the same effect, and

subject to the same rights accorded the bank as if the superintendent had taken possession

under the receivership provisions of this chapter.  The superintendent may proceed to liquidate the affairs of the bank in the same

manner as otherwise provided in this chapter.

Frequently Asked Questions About Ohio § 1125.05

What does Ohio Revised Code § 1125.05 cover?

Section 1125.05 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 § 1125.05?

A common citation format is "Ohio Revised Code § 1125.05" (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 § 1125.05 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.