State Codes and Statutes

Statutes > Ohio > Title11 > Chapter1109 > 1109_59

1109.59 Authority to borrow.

A bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.

Effective Date: 01-01-1997

State Codes and Statutes

Statutes > Ohio > Title11 > Chapter1109 > 1109_59

1109.59 Authority to borrow.

A bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.

Effective Date: 01-01-1997


State Codes and Statutes

State Codes and Statutes

Statutes > Ohio > Title11 > Chapter1109 > 1109_59

1109.59 Authority to borrow.

A bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.

Effective Date: 01-01-1997