Ohio § 1119.06
Full text of Ohio Ohio Revised Code § 1119.06, with citation guidance and answers to common questions.
§ 1119.06.
(A) A foreign bank licensed to operate a representative office shall not conduct any
banking business through the licensed representative office, including any of the
following activities: (1) Soliciting, receiving, or accepting deposits, either directly or as agent for subsequent
deposit at another office of the foreign bank; (2) Approving any application for, disbursing any funds from, or otherwise providing
credit in this state; (3) Carrying credit balances; (4) Exercising fiduciary powers. (B) At or through a licensed representative office, a foreign bank may conduct activities
that are connected to the foreign bank's banking business, including the following: (1) A representative office may contact local persons to solicit business for the foreign
bank, but may not solicit, receive, or accept deposits, either directly or as agent,
for subsequent deposit at another office of the foreign bank. (2) A representative office may accept and process applications for the extension of
credit, but may not approve any application. (3) A representative office may prepare documentation and execute documents for transactions
previously approved outside this state, but may not disburse any funds or otherwise
provide credit in this state. (4) A representative office may conduct credit investigations and analyses requested
by persons authorized to extend credit. (5) A representative office may provide information on local economic and business conditions.
Frequently Asked Questions About Ohio § 1119.06
What does Ohio Revised Code § 1119.06 cover?
Section 1119.06 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 § 1119.06?
A common citation format is "Ohio Revised Code § 1119.06" (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 § 1119.06 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.