Ohio § 1119.10
Full text of Ohio Ohio Revised Code § 1119.10, with citation guidance and answers to common questions.
§ 1119.10.
(A) Subject to conditions and requirements the superintendent of financial institutions
may prescribe, to be licensed to operate an agency or branch in this state, a foreign
bank shall maintain assets in this state of the kinds and in the amount prescribed
by the superintendent as necessary or desirable for the maintenance of a sound financial
condition and for the protection of depositors, creditors, and the public interest. (B) In determining compliance with the asset maintenance requirement of division (A)
of this section, the superintendent shall include all of the following: (1) Assets the foreign bank has pledged as required by section 1119.09 of the Revised Code ; (2) Reserves the foreign bank is required to maintain with the federal reserve with respect
to the foreign bank's agencies and branches in this state; (3) Assets pledged and surety bonds payable to the federal deposit insurance corporation
with respect to the foreign bank's agencies and branches in this state.
Frequently Asked Questions About Ohio § 1119.10
What does Ohio Revised Code § 1119.10 cover?
Section 1119.10 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 § 1119.10?
A common citation format is "Ohio Revised Code § 1119.10" (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 § 1119.10 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.