Ohio Code § 3901.51

Ohio Code § 3901.51. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 3901.51.

As used in sections 3901.51 to 3901.55 of the Revised Code : (A) “ Clearing corporation ” has the same meaning as in section 1308.01 of the Revised Code , except that with respect to securities issued by institutions organized or existing

under the laws of any foreign country or securities used to meet the deposit requirements

pursuant to the laws of a foreign country as a condition of doing business in that

country, “clearing corporation” includes a corporation that is organized or existing

under the laws of any foreign country and is legally qualified under those laws to

effect transactions in securities by computerized book-entry. (B) “ Direct participant ” means a bank, trust company, or other entity that maintains an account in its name

in a clearing corporation and through which an insurance company participates in a

clearing corporation. (C) “ Federal reserve book-entry system ” means the computerized systems sponsored by the United States department of the

treasury and agencies and instrumentalities of the United States for holding and transferring

securities of the United States government and agencies and instrumentalities in federal

reserve banks through banks that are members of the federal reserve system or that

otherwise have access to these computerized systems. (D) “ Member bank ” means a national or state bank or a trust company that is a member of the federal

reserve system and through which an insurance company participates in the federal

reserve book-entry system. (E) “ Provisions of the insurance laws of this state ” means provisions of Title XXXIX of the Revised Code related to the deposit of securities

for the benefit and security of policyholders, and includes, but is not limited to, sections 3901.18 , 3901.74 , 3901.75 , 3901.86 , 3903.73 , 3907.07 , 3909.03 , 3909.09 , 3909.17 , 3913.01 , 3913.04 , 3919.13 , 3919.36 , 3919.37 , 3919.41 , 3925.07 , 3927.02 , 3927.06 , 3929.01 , 3929.07 , 3929.08 , 3929.09 , 3929.10 , 3929.11 , 3941.30 , 3941.31 , 3941.32 , 3941.33 , 3941.34 , 3941.42 , 3953.06 , and 3953.11 of the Revised Code . (F) “ Securities ” has the same meaning as in section 1308.01 of the Revised Code .

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 3901.51
  • Jurisdiction: Ohio
  • Code: Ohio Revised Code
  • Text: transcribed from the official source (verify below)

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