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Ohio Rev. Code Ann. § 1109.39

Additional stock investments

Effective: January 1, 2018; Latest Legislation: House Bill 49 - 132nd General Assembly

In addition to the specific investments authorized in this chapter, a state bank may also invest, in the aggregate, no more than ten per cent of its assets in the common or preferred stock, obligations, or other securities of any corporations, as authorized by the bank's board of directors.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.