Ohio § 1119.14
Full text of Ohio Ohio Revised Code § 1119.14, with citation guidance and answers to common questions.
§ 1119.14.
(A) No license issued to a foreign bank under this chapter is transferable or assignable. (B) When a foreign bank licensed under this chapter is to be a constituent in a reorganization
in which the foreign bank will not be the resulting corporation, or is to sell a representative
office, agency, or branch the foreign bank is licensed to operate in this state, prior
to the reorganization or sale, both of the following must be done, whether or not
the resulting or acquiring corporation will continue to conduct business at any location
where the foreign bank being acquired or selling the representative office, agency,
or branch is conducting business: (1) The corporation that is to be the resulting corporation in the reorganization or
the acquiring corporation shall do either of the following: (a) Obtain an appropriate license to conduct the activities it proposes to conduct in
this state and make all changes to conform the business being acquired to the requirements
and limitations of the license obtained; (b) Obtain the approval of the superintendent of financial institutions to consolidate
the representative office, agency, or branch being acquired with another representative
office, agency, or branch appropriately licensed, whether under this chapter or otherwise,
to conduct the business of the representative office being acquired. (2) The foreign bank licensed to operate the representative office, agency, or branch
shall voluntarily surrender the license to operate the representative office, agency,
or branch in accordance with section 1119.26 of the Revised Code .
Frequently Asked Questions About Ohio § 1119.14
What does Ohio Revised Code § 1119.14 cover?
Section 1119.14 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 § 1119.14?
A common citation format is "Ohio Revised Code § 1119.14" (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 § 1119.14 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.