Ohio § 1733.323
Full text of Ohio Ohio Revised Code § 1733.323, with citation guidance and answers to common questions.
§ 1733.323.
(A) The superintendent of credit unions may issue administrative guidelines which interpret
the requirements of this chapter or which define specific acts, practices, or circumstances
that are considered by the superintendent to be unsafe or unsound practices or that
constitute a violation of any section of this chapter or any rule adopted thereunder. (B) The superintendent shall, at a minimum, issue guidelines pursuant to division (A)
of this section which address the following: (1) Collateralization limits that apply to particular transactions; (2) All aspects of repurchase agreements and reverse repurchase agreements, including
limitations on the amount of securities a credit union may assign as collateral for
the amount of funds it receives from a securities dealer or broker, investment house,
or other similar entity. In adopting these provisions, the superintendent shall give due consideration to
rules governing the same subject that have been adopted by the national credit union
administration and any other federal or state agency. (3) Requirements that securities assigned by a credit union as collateral for the amount
of funds it receives, or assigned to a credit union as collateral for the funds it
provides, remain or be placed in the possession of the credit union or a qualified
trustee.
Frequently Asked Questions About Ohio § 1733.323
What does Ohio Revised Code § 1733.323 cover?
Section 1733.323 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 § 1733.323?
A common citation format is "Ohio Revised Code § 1733.323" (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 § 1733.323 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.