Ohio Code § 1109.31
Ohio Code § 1109.31. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1109.31.
(A) A state bank may purchase, acquire by lease, or otherwise invest in the real estate
and interests in real estate the board of directors considers necessary or convenient
for transaction of the bank's business, including by ownership of an entity having
as its exclusive authority the ownership and management of the bank's real estate
interests. (B) A state bank may invest an amount equal to the greater of the bank's capital or ten
per cent of its total assets in any other real estate. This limitation does not apply, however, to real estate acquired by foreclosure,
conveyance in lieu of foreclosure, or other legal proceedings relating to loan security
interests or otherwise in satisfaction of a debt previously contracted.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1109.31
- 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 § 1109.31?
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 § 1109.31 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 § 1109.31 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Statutes are amended, repealed, and renumbered every session.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.