Ohio § 1111.07
Full text of Ohio Ohio Revised Code § 1111.07, with citation guidance and answers to common questions.
§ 1111.07.
(A) A trust company's license to solicit or engage in trust business in this state is
not transferable or assignable. (B) Subject to section 2109.28 of the Revised Code , if any trust company enters into a merger or consolidation in which the trust company
is not the surviving corporation, or transfers all or substantially all of its assets
and liabilities to another corporation, the resulting, surviving, or transferee corporation
shall succeed the trust company as fiduciary as a matter of law and without necessity
to do anything further, if the resulting, surviving, or transferee corporation is
a trust company or a national bank or federal savings association authorized to accept
and execute trusts and doing business under authority granted by the office of the
comptroller of the currency. If the trust company is not the surviving corporation of a merger, enters a consolidation,
or after transferring substantially all of its assets and liabilities ceases to solicit
or engage in trust business in this state, the trust company shall surrender its trust
company license in accordance with section 1111.31 of the Revised Code .
Frequently Asked Questions About Ohio § 1111.07
What does Ohio Revised Code § 1111.07 cover?
Section 1111.07 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 § 1111.07?
A common citation format is "Ohio Revised Code § 1111.07" (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 § 1111.07 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.