No regulated person shall receive, or permit to be received, money, checks, drafts, or other property as a deposit in a bank, when the regulated person knows the bank is insolvent.
Ohio Rev. Code Ann. § 1127.02
Insolvent bank receiving deposit
Effective: January 1, 1997; Latest Legislation: House Bill 538 - 121st General Assembly
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.