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Ohio Rev. Code Ann. § 1125.13

Conduct of business during conservatorship

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

During the period of the conservatorship, all of the following apply:

(A) The conservator may permit the state bank to continue to conduct its usual business, including the acceptance of deposits.

(B) The obligations of the state bank shall continue to bear interest at the rate contracted.

(C) The conservator shall make whatever reports to the superintendent of financial institutions the superintendent may from time to time require.

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.