Ohio § 1109.021
Full text of Ohio Ohio Revised Code § 1109.021, with citation guidance and answers to common questions.
§ 1109.021.
(A) As used in this section, “portfolio assets” and “qualified thrift investments” have
the same meanings as in 12 U.S.C. 1467a , as amended. (B) A state bank may elect to operate as a savings and loan association by filing a written
notice of that election with the superintendent of financial institutions. (C) Upon filing an election notice, a state bank shall be considered a savings and loan
association if both of the following conditions are met: (1) Its qualified thrift investments equal or exceed sixty-five per cent of its portfolio
assets. (2) Its qualified thrift investments continue to equal or exceed sixty-five per cent
of its assets on a monthly average basis in nine out of every twelve months. (D) A state bank may revoke its election notice at any time by submitting a written notice
thereof to the superintendent.
Frequently Asked Questions About Ohio § 1109.021
What does Ohio Revised Code § 1109.021 cover?
Section 1109.021 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 § 1109.021?
A common citation format is "Ohio Revised Code § 1109.021" (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 § 1109.021 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.