Ohio Code § 1105.02

§ 1105.02.

(A)(1) Of the directors on the board of directors of a state bank: (a) A majority of the directors shall be outside directors.  However, in the case of a stock state bank, if eighty per cent or more of any class

of the bank's voting shares are owned by a company, a majority of the directors may

be officers or directors of one or more affiliates of the bank. (b) For purposes of this section, anyone who is not an employee of the state bank or

the bank holding company shall be considered an outside director. (2)(a) If during a term of office a director causes the total membership of the board to

be out of compliance with division (A)(1)(a) of this section, the director forfeits

the directorship, and the director's office is then vacant. (b) No new director, or former director who is elected or appointed to the board after

an interruption in service, shall be elected or appointed if it causes the total membership

of the board to be out of compliance with division (A)(1)(a) of this section. (B)(1) No person who has been convicted of, or has pleaded guilty to, a felony or any crime

involving an act of fraud, dishonesty, breach of trust, theft, or money laundering

shall serve as a director of a bank or a subsidiary or affiliate of a bank.  The superintendent of financial institutions may waive this restriction if the crime

the person was convicted of or pleaded guilty to was a misdemeanor or minor misdemeanor

or the equivalent thereof. (2) If during a term of office any director is convicted of, or pleads guilty to, a crime

described under division (B)(1) of this section, the director forfeits the directorship,

and the director's office is then vacant.