Ohio § 1315.18
Full text of Ohio Ohio Revised Code § 1315.18, with citation guidance and answers to common questions.
§ 1315.18.
(A) A licensee that ceases to do business in this state shall do so in accordance with
a plan approved by the superintendent of financial institutions or pursuant to directions
issued by the superintendent in connection with the revocation or suspension of the
licensee's license pursuant to section 1315.151 of the Revised Code . (B) When a licensee ceases to do business in this state, if the superintendent considers
it necessary to protect the interests of the licensee's customers, the superintendent
may do either of the following: (1) Take control of permissible investments or other assets owned by the licensee equal
in value to the licensee's outstandings in this state; (2) Require the sale of the licensee's contracts for continuing services or require the
licensee's termination of those contracts with compensation to the customers for loss
of the services. (C) No licensee shall fail to comply with this section.
Frequently Asked Questions About Ohio § 1315.18
What does Ohio Revised Code § 1315.18 cover?
Section 1315.18 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 § 1315.18?
A common citation format is "Ohio Revised Code § 1315.18" (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 § 1315.18 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.