Ohio Code § 1101.15

§ 1101.15.

(A)(1) Except as provided in division (A)(2) of this section, no person other than a bank

doing business under authority granted by the superintendent of financial institutions,

the bank chartering authority of another state, the office of the comptroller of the

currency, or the bank chartering authority of a foreign country shall do either of

the following: (a) Use “bank,” “banker,” “banking,” “savings association,” “savings and loan,” “building

and loan,” or “savings bank,” or a word or combination of words of similar meaning

in any other language, in a designation or name, or as any part of a designation or

name, under which business is or may be conducted in this state; (b) Represent itself as a bank. (2) A person, whether operating for profit or not, may use the words “bank,” “banker,”

“banking,” “savings association,” “savings and loan,” “building and loan,” or “savings

bank,” or a word or combination of words of similar meaning in any other language,

in or as part of a designation or name under which business is or may be conducted

if the superintendent determines the name, on its face, is not likely to mislead the

public and authorizes the use of the name. (B)(1) Except as provided in division (B)(2) of this section, no person, other than a corporation

licensed in accordance with authority granted in Chapter 1111. of the Revised Code

as a trust company, a national bank with trust powers, or a federal savings association

with trust powers, shall do either of the following: (a) Use the word “trust,” or a word or words of similar meaning in any other language,

in a designation or name, or as any part of a designation or name, under which business

is or may be conducted in this state; (b) Otherwise represent itself as a fiduciary or trust company. (2)(a) A person that is not required to be licensed under Chapter 1111. of the Revised Code

may serve as a fiduciary and, when acting in that fiduciary capacity, otherwise represent

such person as a fiduciary. (b) A person licensed by another state to serve as a fiduciary and exempt from licensure

under Chapter 1111. of the Revised Code may serve as a fiduciary to the extent permitted

by the exemption. (c) A charitable trust, business trust, real estate investment trust, personal trust,

or other bona fide trust may use the word “trust” or a word or words of similar meaning

in any other language, in a designation or name, or as part of a designation or name,

under which business is or may be conducted. (d) A person, whether operating for profit or not, may use “trust” or a word or words

of similar meaning in any other language, in a designation or name, or as part of

a designation or name, under which business is or may be conducted, if the superintendent

determines the name, on its face, is not likely to mislead the public and authorizes

the use of the name. (C) No bank or trust company shall use “state” as part of a designation or name under

which it transacts business in this state, unless the bank or trust company is doing

business under authority granted by the superintendent or the bank chartering authority

of another state.