Ohio § 1111.03
Full text of Ohio Ohio Revised Code § 1111.03, with citation guidance and answers to common questions.
§ 1111.03.
(A) Notwithstanding any other provision of the Revised Code, any national bank or federal
savings association that has been granted fiduciary powers by the office of the comptroller
of the currency may act in this state as trustee, executor, administrator, registrar
of stocks and bonds, guardian of estates, assignee, receiver, or in any other fiduciary
capacity in which trust companies qualified and licensed under section 1111.06 of the Revised Code are authorized to act in this state. For such purpose, a national bank or federal savings association shall have the
same powers and rights, including but not limited to, the same right to make and accept
transfers of fiduciary appointments, as are granted by the laws of this state to trust
companies qualified and licensed under section 1111.06 of the Revised Code , and may solicit trust business, accept trust deposits, and maintain nonbranch trust
offices in this state. A national bank or federal savings association shall not, by virtue of conducting
such trust activity in this state, be subject to examination or inspection by the
superintendent of financial institutions, nor shall it be required to obtain any approval,
authorization, licenses, or certification from, or pay any fee or assessment to, the
superintendent in order to conduct trust activities in this state. (B) Notwithstanding the provisions of division (A) of this section, section 1111.04, division (B) of section 1111.07 , and section 1111.08 of the Revised Code shall apply to national banks and federal savings associations.
Frequently Asked Questions About Ohio § 1111.03
What does Ohio Revised Code § 1111.03 cover?
Section 1111.03 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 § 1111.03?
A common citation format is "Ohio Revised Code § 1111.03" (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 § 1111.03 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.