Ohio § 1101.02
Full text of Ohio Ohio Revised Code § 1101.02, with citation guidance and answers to common questions.
§ 1101.02.
It is hereby declared to be the purpose of the general assembly in enacting Chapters
1101. to 1127. of the Revised Code to do all of the following: (A) Delegate to the division of financial institutions rule-making power and administrative
discretion, subject to Chapters 1101. to 1127. of the Revised Code, to assure the
supervision and regulation of banks chartered under the laws of this state may be
flexible and readily responsive to changes in economic conditions, banking practices,
and the financial services industry; (B) Provide for the protection of the interests of depositors, creditors, shareholders,
members, and the general public in banks doing business in this state; (C) Permit banks to effectively serve the convenience and needs of their depositors,
borrowers, and others, and permit the continued improvement of the products and services
banks provide; (D) Provide the opportunity for the boards and management of banks to exercise their
business judgment, subject to the provisions of Chapters 1101. to 1127. and 1701.
of the Revised Code; (E) Provide state banks with competitive parity with other types of financial institutions
doing business in this state; (F) Sustain the viability of the state bank charter option and the dual banking system
in this state and the United States; (G) Clarify and modernize the laws governing banking.
Frequently Asked Questions About Ohio § 1101.02
What does Ohio Revised Code § 1101.02 cover?
Section 1101.02 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 § 1101.02?
A common citation format is "Ohio Revised Code § 1101.02" (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 § 1101.02 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.