Ohio Code § 1107.05
Ohio Code § 1107.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1107.05.
(A) A state bank may issue debt securities at the times, in the amounts, and subject
to the terms approved in writing by the superintendent of financial institutions. (B) In the case of a stock state bank, the terms of debt securities may include either
of the following: (1) Options to subscribe to or purchase the bank's shares at not less than par value; (2) The right to convert the debt securities to the bank's shares, if the par value of
the shares resulting from the conversion does not exceed the value on the bank's books
of the debt securities being converted. (C) The terms of any option granted in connection with the issuance of debt securities
or any right to convert debt securities to shares shall not permit or require the
holders of the debt securities to be held individually responsible for the state bank's
debts, contracts, or engagements on the basis of their status as holders of the debt
securities.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1107.05
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1107.05?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1107.05 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1107.05 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.