Ohio § 1761.19
Full text of Ohio Ohio Revised Code § 1761.19, with citation guidance and answers to common questions.
§ 1761.19.
(A) If, at any time, the superintendent of credit unions or the superintendent of insurance
has cause to believe that the actions or practices of a credit union share guaranty
corporation or its officers, directors, or employees may cause harm to the corporation,
its members, or creditors, the superintendent may set a supervisory conference. The superintendent shall inform each director of the corporation of the date, time,
and place of the supervisory conference. The directors of the corporation shall attend supervisory conferences set by the
superintendent. Unless a director has a reasonable excuse for his refusal or failure to attend a
supervisory conference, such refusal or failure shall be grounds for removal. Such removal shall be in accordance with procedures applicable to the removal of
a director of a credit union under section 1733.181 of the Revised Code . (B) At the supervisory conference, the superintendent shall inquire into the actions
or practices at issue. If it appears to the superintendent that such actions or practices are likely to
cause harm to the corporation, its members, or creditors, the superintendent may negotiate
and conclude an agreement with the corporation, its officers, or directors as to action
that is to be taken by the corporation, its officers, or directors to correct or prevent
the actions or practices which are the subject of the supervisory conference. Such an agreement shall be reduced to writing as soon as possible after it is concluded,
and may be modified or terminated by a subsequent agreement. (C) This section shall not be construed to mean that the superintendent cannot request
a meeting with the management, board of directors, or agent of the corporation other
than for the purpose of concluding a supervisory agreement. (D) When any supervisory conference is set under this section, the superintendent of
credit unions and the superintendent of insurance shall provide the other with notice
of the supervisory conference and shall provide an opportunity to the other to join
and participate in the supervisory conference.
Frequently Asked Questions About Ohio § 1761.19
What does Ohio Revised Code § 1761.19 cover?
Section 1761.19 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 § 1761.19?
A common citation format is "Ohio Revised Code § 1761.19" (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 § 1761.19 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.