Ohio § 1101.03
Full text of Ohio Ohio Revised Code § 1101.03, with citation guidance and answers to common questions.
§ 1101.03.
(A) Except as otherwise provided in this section, every bank existing on or incorporated
after the effective date of this amendment is subject to Chapters 1101. to 1127. of
the Revised Code. (B) Except as otherwise provided in this section, Chapters 1101. to 1127. of the Revised
Code do not affect the legality of banks organized, loans or investments made or committed
to be made, or transactions completed or committed before the effective date of this
amendment. (C) Except as otherwise provided in this section, Chapters 1101. to 1127. of the Revised
Code do not affect the status of any bank organized, or any banking office established
or authorized, before the effective date of this amendment. (D) Chapters 1101. to 1127. of the Revised Code do not apply to persons in their fiduciary
capacities, as follows: (1) Any person who, on the effective date of this amendment, is serving as a fiduciary
under a trust instrument, will, or other document executed before the effective date
of this amendment; (2) Any person who is named or nominated as a potential, prospective, or successor fiduciary
in a trust instrument, will, or other document executed before the effective date
of this amendment. (E) Both of the following apply to every savings bank and savings and loan association
that is organized under the laws of this state and is in existence as of the effective
date of this amendment: (1) The powers, privileges, duties, and restrictions conferred and imposed in the charter
or act of incorporation of such an institution are hereby abridged, enlarged, or otherwise
modified so that each charter or act of incorporation conforms to the provisions of
this title. (2) Notwithstanding any contrary provision in its charter or act of incorporation, every
such institution possesses the powers, rights, and privileges and is subject to the
duties, restrictions, and liabilities conferred and imposed by this title. (F) Any state bank that wishes to become or remain an affiliate of a savings and loan
holding company may do so by complying with section 1109.021 of the Revised Code .
Frequently Asked Questions About Ohio § 1101.03
What does Ohio Revised Code § 1101.03 cover?
Section 1101.03 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 § 1101.03?
A common citation format is "Ohio Revised Code § 1101.03" (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 § 1101.03 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.