Ohio Code § 1109.021
Ohio Code § 1109.021. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1109.021.
(A) As used in this section, “portfolio assets” and “qualified thrift investments” have
the same meanings as in 12 U.S.C. 1467a , as amended. (B) A state bank may elect to operate as a savings and loan association by filing a written
notice of that election with the superintendent of financial institutions. (C) Upon filing an election notice, a state bank shall be considered a savings and loan
association if both of the following conditions are met: (1) Its qualified thrift investments equal or exceed sixty-five per cent of its portfolio
assets. (2) Its qualified thrift investments continue to equal or exceed sixty-five per cent
of its assets on a monthly average basis in nine out of every twelve months. (D) A state bank may revoke its election notice at any time by submitting a written notice
thereof to the superintendent.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1109.021
- 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 § 1109.021?
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 § 1109.021 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 § 1109.021 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Statutes are amended, repealed, and renumbered every session.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.