Ohio § 1125.10
Full text of Ohio Ohio Revised Code § 1125.10, with citation guidance and answers to common questions.
§ 1125.10.
(A) If it appears to the superintendent of financial institutions that any one or more
of the conditions set forth in section 1125.09 of the Revised Code exists as to any state bank, the superintendent may appoint a conservator, which
appointment may include the superintendent, and thereafter may dismiss or replace
the conservator as the superintendent determines necessary or advisable. The superintendent may fix the compensation to be paid the conservator and the amount
of the bond or other security, if any, to be required. (B) The superintendent may, from time to time, appoint one or more special deputy superintendents
as agent or agents to assist in the duties of conservatorship. (C) The superintendent, any special deputy superintendents, or a conservator may employ
and procure whatever assistance or advice is necessary in the conservatorship of the
bank, and, for that purpose, may retain officers or employees of the bank as needed. (D) The superintendent may terminate the conservatorship at any time, and may appoint
a receiver for liquidation of the bank on any of the grounds provided in this chapter
for appointment of a receiver. (E) All expenses of a conservatorship shall be paid out of the assets of the bank, and
shall be a lien on the bank's assets, which lien shall be prior to any other lien.
Frequently Asked Questions About Ohio § 1125.10
What does Ohio Revised Code § 1125.10 cover?
Section 1125.10 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 § 1125.10?
A common citation format is "Ohio Revised Code § 1125.10" (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 § 1125.10 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.