Ohio § 1109.43
Full text of Ohio Ohio Revised Code § 1109.43, with citation guidance and answers to common questions.
§ 1109.43.
(A) For purposes of this section: (1) “ Bankers' bank ” means a bank organized to engage exclusively in providing services to other depository
institutions and depository institution holding companies and their officers, directors,
and employees. (2) “ Bankers' bank holding company ” means a corporation that owns or controls, directly or indirectly, a majority of
the shares of the capital stock of a bankers' bank, or controls in any manner the
election of a majority of the directors of a bankers' bank. (3) “ Depository institution ” means a bank, savings association, savings bank, or credit union. (B) A state bank may invest, in the aggregate, up to ten per cent of its capital in shares
of bankers' banks or bankers' bank holding companies. (C)(1) The voting shares of a bankers' bank shall be owned by twenty or more depository
institutions or depository institution holding companies, and no depository institution
or depository institution holding company shall own, directly or indirectly, more
than fifteen per cent of the voting shares of a bankers' bank. (2) The voting shares of a bankers' bank shall be owned, directly or indirectly, exclusively
by depository institutions, depository institution holding companies, and persons
who hold the shares under, or initially acquired them through, a plan for the benefit
of the bankers' bank's officers and employees.
Frequently Asked Questions About Ohio § 1109.43
What does Ohio Revised Code § 1109.43 cover?
Section 1109.43 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 § 1109.43?
A common citation format is "Ohio Revised Code § 1109.43" (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 § 1109.43 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.