Ohio § 1761.09
Full text of Ohio Ohio Revised Code § 1761.09, with citation guidance and answers to common questions.
§ 1761.09.
(A) Each credit union share account of an individual member or, as described in division (B)(2) of section 1761.02 of the Revised Code , a nonmember of a participating credit union shall be guaranteed in amounts established
from time to time by the credit union share guaranty corporation. Such primary guaranteed amount shall not be less than the amount of the credit union
share account but, in no event, shall exceed two hundred fifty thousand dollars or
the primary guaranteed amount insured by the national credit union administration,
whichever is greater. (B) In addition to the primary guaranteed amount, the corporation may establish an excess
coverage guarantee for the benefit of those participating credit unions that voluntarily
elect to obtain such additional guarantee. (C) The guarantees provided pursuant to this chapter do not apply to credit union share
accounts until the credit union has applied for and been admitted as a participating
credit union, and cease to apply to the share accounts of any credit union upon the
later of any of the following: (1) The termination of the credit union's participation in the corporation pursuant to section 1761.12 of the Revised Code ; (2) The completion of the liquidation of the credit union; (3) The withdrawal of the credit union from participation in the corporation.
Frequently Asked Questions About Ohio § 1761.09
What does Ohio Revised Code § 1761.09 cover?
Section 1761.09 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 § 1761.09?
A common citation format is "Ohio Revised Code § 1761.09" (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 § 1761.09 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.