Ohio § 1105.01
Full text of Ohio Ohio Revised Code § 1105.01, with citation guidance and answers to common questions.
§ 1105.01.
(A) Except where the Revised Code, the articles of incorporation, or the code of regulations
require action to be authorized or taken by shareholders or members, all of the authority
of a state bank shall be exercised by or under the direction of the bank's board of
directors. The board of directors shall consist of not less than five directors. (B) Unless the articles of incorporation or the code of regulations provide for a different
term, which may not exceed three years from the date of the director's election and
until the director's successor is elected and qualified, each director shall hold
office until the next annual meeting of the shareholders or members and until the
director's successor is elected and qualified, or until the director's earlier resignation,
removal from office, or death. (C) The articles of incorporation or the code of regulations may provide for the classification
of directors into either two or three classes consisting of not less than two directors
each. The terms of office of the several classes need not be uniform, except that no term
shall exceed the maximum time specified in division (B) of this section.
Frequently Asked Questions About Ohio § 1105.01
What does Ohio Revised Code § 1105.01 cover?
Section 1105.01 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 § 1105.01?
A common citation format is "Ohio Revised Code § 1105.01" (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 § 1105.01 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.