Ohio § 1109.40
Full text of Ohio Ohio Revised Code § 1109.40, with citation guidance and answers to common questions.
§ 1109.40.
(A) In addition to the other loan and investment authority provided for banks in Chapter
1109. of the Revised Code, but subject to all other provisions of the Revised Code,
a state bank may invest up to fifteen per cent of its total assets in loans or investments
authorized by the bank's board of directors. (B) If a loan or other investment is authorized under more than one section of Chapter
1109. of the Revised Code, a state bank may designate under which section the loan
or investment has been or will be made. The loan or investment may be apportioned among appropriate categories, and may
be moved in whole or in part from one category to another.
Frequently Asked Questions About Ohio § 1109.40
What does Ohio Revised Code § 1109.40 cover?
Section 1109.40 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 § 1109.40?
A common citation format is "Ohio Revised Code § 1109.40" (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 § 1109.40 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.