Ohio § 1181.03
Full text of Ohio Ohio Revised Code § 1181.03, with citation guidance and answers to common questions.
§ 1181.03.
(A) Before entering upon the discharge of the duties of the office of the superintendent
of financial institutions, the superintendent shall give bond to the state in the
sum of one million dollars with sureties approved by the governor and conditioned
on the faithful discharge of the official duties of the office. The bond, with the approval of the governor and with the superintendent's oath of
office endorsed on it, shall be filed with the office of the secretary of state. (B) Before entering upon the discharge of the duties of their respective offices, the
deputy superintendent for banks, the deputy superintendent for credit unions, and
the deputy superintendent for consumer finance shall each give bond to the state in
the sum of five hundred thousand dollars with sureties approved by the superintendent
and conditioned on the faithful performance of their respective duties. The bonds shall be filed with the office of the secretary of state. (C) The superintendent shall require of each other employee and each agent of the division
of financial institutions a bond, conditioned on the faithful performance of each
employee's and agent's respective duties, in an amount not less than five thousand
dollars that the superintendent determines to be acceptable. The bonds may, in the discretion of the superintendent, be individual, schedule,
or blanket bonds. The bonds shall be filed with the office of the secretary of state. (D) The division shall pay the cost or premium of the bonds required by this section
from funds appropriated to the division for that purpose.
Frequently Asked Questions About Ohio § 1181.03
What does Ohio Revised Code § 1181.03 cover?
Section 1181.03 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 § 1181.03?
A common citation format is "Ohio Revised Code § 1181.03" (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 § 1181.03 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.