Ohio Code § 1109.02
Ohio Code § 1109.02. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1109.02.
(A) In addition to exercising the powers and performing the acts authorized under Chapters
1101. to 1127. of the Revised Code, a state bank has and may exercise all powers and
perform all acts attendant to the business of banking as set forth in those chapters. (B) A state bank has and may exercise all powers, perform all acts, and provide all services
that are otherwise a part of or incidental to the business of banking. (C) In addition to what is otherwise authorized under Chapters 1101. to 1127. of the
Revised Code, a state bank has and may exercise all powers, perform all acts, and
provide all services that are permitted for national banks and federal savings associations,
other than those dealing with interest rates, regardless of the date the corresponding
parity rule adopted by the superintendent of financial institutions under section 1121.05 of the Revised Code takes effect. If a state bank intends to take any such action before the adoption of the corresponding
parity rule, the bank shall provide the superintendent with prior written notice of
the action and the basis for the action. The superintendent, within ninety days after receipt of that notice, may prohibit
the bank from taking such action if the superintendent determines it would be unsafe
or unsound for the bank.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1109.02
- 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 § 1109.02?
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 § 1109.02 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 § 1109.02 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Statutes are amended, repealed, and renumbered every session.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.