1165.06 [Effective Until 9/13/2010] Inventory of assets - record of liabilities.
As soon as practicable after taking possession of the business and property of a savings bank, the superintendent of savings banks shall make an inventory of the assets of the savings bank, showing, as to each asset, its face amount, the value at which it is carried on the books of the savings bank, and the security for it in whatever form the security exists, with a brief description of each asset and security. The assets shall be listed in such groups or classes as are, in the opinion of the superintendent, proper to afford full information as to their character and book value. The inventory shall be prepared in duplicate, one copy to be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the proceedings provided for in section 1165.02 of the Revised Code are pending.
The superintendent shall prepare a record of the liabilities of the savings bank from its books and from the facts as are ascertained by him. Upon the expiration of the time fixed for the presentation of claims by the notice provided for in division (A)(2) of section 1165.02 of the Revised Code, the superintendent shall make in duplicate a complete list of the claims presented, of which one copy shall be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the liquidation proceedings are pending. The superintendent, in like manner, at intervals of not more than six months, shall make and file supplemental lists showing all claims presented that have not been exhibited in any list theretofore filed. The first list and each supplemental list shall indicate the character and disposition of each claim listed in it.
The superintendent shall give notice of the filing of each list of claims by publication once a week for two consecutive weeks in a newspaper of general circulation in the county in which the proceedings for liquidation of the business and property of the savings bank are pending, calling upon all persons objecting to any claim set forth in the list, and not shown by the list to have been rejected by him, to present their objections in the manner provided in section 1165.08 of the Revised Code. If no objection is filed within fifteen days after the date of the second publication, the claims shall be considered correct and all persons shall be forever barred from objecting to any such claim or to its payment. This section does not preclude the superintendent from thereafter rejecting the claim, in whole or in part, as provided by section 1165.07 of the Revised Code.
The inventory of assets and the statement of liabilities provided for in this section shall be permanent records of the liquidation and shall be certified to by the superintendent or a special deputy appointed to assist him in the liquidation. At the time of the order for final distribution of the assets of any savings bank, the superintendent shall make a detailed report in duplicate of its liquidation, showing the disposition of each asset and acquired asset, of which one copy shall be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the liquidation proceedings are pending. The copies of the report, inventory, and list of claims that are filed in the office of the clerk shall be open at all reasonable times for inspection.
Effective Date: 10-23-1991
This section is set out twice. See also § 1165.06, as amended by 128th General Assembly File No. 45, HB 292, § 1, eff. 9/13/2010.
1165.06 [Effective 9/13/2010] Completion of voluntary liquidation; dissolution
Upon completion of a voluntary liquidation, the liquidated savings bank shall submit to the superintendent of financial institutions all documents required under Chapter 1701. of the Revised Code for a dissolution. The superintendent shall consent to the dissolution, and shall cause a certified copy of the consent to be filed, along with the savings bank’s dissolution documents, in the office of the secretary of state.
Added by 128th General Assembly File No. 45, HB 292, § 1, eff. 9/13/2010.
Effective Date: 10-23-1991
This section is set out twice. See also § 1165.06, effective until 9/13/2010.
1165.06 [Effective Until 9/13/2010] Inventory of assets - record of liabilities.
As soon as practicable after taking possession of the business and property of a savings bank, the superintendent of savings banks shall make an inventory of the assets of the savings bank, showing, as to each asset, its face amount, the value at which it is carried on the books of the savings bank, and the security for it in whatever form the security exists, with a brief description of each asset and security. The assets shall be listed in such groups or classes as are, in the opinion of the superintendent, proper to afford full information as to their character and book value. The inventory shall be prepared in duplicate, one copy to be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the proceedings provided for in section 1165.02 of the Revised Code are pending.
The superintendent shall prepare a record of the liabilities of the savings bank from its books and from the facts as are ascertained by him. Upon the expiration of the time fixed for the presentation of claims by the notice provided for in division (A)(2) of section 1165.02 of the Revised Code, the superintendent shall make in duplicate a complete list of the claims presented, of which one copy shall be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the liquidation proceedings are pending. The superintendent, in like manner, at intervals of not more than six months, shall make and file supplemental lists showing all claims presented that have not been exhibited in any list theretofore filed. The first list and each supplemental list shall indicate the character and disposition of each claim listed in it.
The superintendent shall give notice of the filing of each list of claims by publication once a week for two consecutive weeks in a newspaper of general circulation in the county in which the proceedings for liquidation of the business and property of the savings bank are pending, calling upon all persons objecting to any claim set forth in the list, and not shown by the list to have been rejected by him, to present their objections in the manner provided in section 1165.08 of the Revised Code. If no objection is filed within fifteen days after the date of the second publication, the claims shall be considered correct and all persons shall be forever barred from objecting to any such claim or to its payment. This section does not preclude the superintendent from thereafter rejecting the claim, in whole or in part, as provided by section 1165.07 of the Revised Code.
The inventory of assets and the statement of liabilities provided for in this section shall be permanent records of the liquidation and shall be certified to by the superintendent or a special deputy appointed to assist him in the liquidation. At the time of the order for final distribution of the assets of any savings bank, the superintendent shall make a detailed report in duplicate of its liquidation, showing the disposition of each asset and acquired asset, of which one copy shall be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the liquidation proceedings are pending. The copies of the report, inventory, and list of claims that are filed in the office of the clerk shall be open at all reasonable times for inspection.
Effective Date: 10-23-1991
This section is set out twice. See also § 1165.06, as amended by 128th General Assembly File No. 45, HB 292, § 1, eff. 9/13/2010.
1165.06 [Effective 9/13/2010] Completion of voluntary liquidation; dissolution
Upon completion of a voluntary liquidation, the liquidated savings bank shall submit to the superintendent of financial institutions all documents required under Chapter 1701. of the Revised Code for a dissolution. The superintendent shall consent to the dissolution, and shall cause a certified copy of the consent to be filed, along with the savings bank’s dissolution documents, in the office of the secretary of state.
Added by 128th General Assembly File No. 45, HB 292, § 1, eff. 9/13/2010.
Effective Date: 10-23-1991
This section is set out twice. See also § 1165.06, effective until 9/13/2010.
1165.06 [Effective Until 9/13/2010] Inventory of assets - record of liabilities.
As soon as practicable after taking possession of the business and property of a savings bank, the superintendent of savings banks shall make an inventory of the assets of the savings bank, showing, as to each asset, its face amount, the value at which it is carried on the books of the savings bank, and the security for it in whatever form the security exists, with a brief description of each asset and security. The assets shall be listed in such groups or classes as are, in the opinion of the superintendent, proper to afford full information as to their character and book value. The inventory shall be prepared in duplicate, one copy to be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the proceedings provided for in section 1165.02 of the Revised Code are pending.
The superintendent shall prepare a record of the liabilities of the savings bank from its books and from the facts as are ascertained by him. Upon the expiration of the time fixed for the presentation of claims by the notice provided for in division (A)(2) of section 1165.02 of the Revised Code, the superintendent shall make in duplicate a complete list of the claims presented, of which one copy shall be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the liquidation proceedings are pending. The superintendent, in like manner, at intervals of not more than six months, shall make and file supplemental lists showing all claims presented that have not been exhibited in any list theretofore filed. The first list and each supplemental list shall indicate the character and disposition of each claim listed in it.
The superintendent shall give notice of the filing of each list of claims by publication once a week for two consecutive weeks in a newspaper of general circulation in the county in which the proceedings for liquidation of the business and property of the savings bank are pending, calling upon all persons objecting to any claim set forth in the list, and not shown by the list to have been rejected by him, to present their objections in the manner provided in section 1165.08 of the Revised Code. If no objection is filed within fifteen days after the date of the second publication, the claims shall be considered correct and all persons shall be forever barred from objecting to any such claim or to its payment. This section does not preclude the superintendent from thereafter rejecting the claim, in whole or in part, as provided by section 1165.07 of the Revised Code.
The inventory of assets and the statement of liabilities provided for in this section shall be permanent records of the liquidation and shall be certified to by the superintendent or a special deputy appointed to assist him in the liquidation. At the time of the order for final distribution of the assets of any savings bank, the superintendent shall make a detailed report in duplicate of its liquidation, showing the disposition of each asset and acquired asset, of which one copy shall be filed in the office of the superintendent and one in the office of the clerk of the court of common pleas in which the liquidation proceedings are pending. The copies of the report, inventory, and list of claims that are filed in the office of the clerk shall be open at all reasonable times for inspection.
Effective Date: 10-23-1991
This section is set out twice. See also § 1165.06, as amended by 128th General Assembly File No. 45, HB 292, § 1, eff. 9/13/2010.
1165.06 [Effective 9/13/2010] Completion of voluntary liquidation; dissolution
Upon completion of a voluntary liquidation, the liquidated savings bank shall submit to the superintendent of financial institutions all documents required under Chapter 1701. of the Revised Code for a dissolution. The superintendent shall consent to the dissolution, and shall cause a certified copy of the consent to be filed, along with the savings bank’s dissolution documents, in the office of the secretary of state.
Added by 128th General Assembly File No. 45, HB 292, § 1, eff. 9/13/2010.
Effective Date: 10-23-1991
This section is set out twice. See also § 1165.06, effective until 9/13/2010.
