Ohio Code § 1109.40
Ohio Code § 1109.40. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1109.40.
(A) In addition to the other loan and investment authority provided for banks in Chapter
1109. of the Revised Code, but subject to all other provisions of the Revised Code,
a state bank may invest up to fifteen per cent of its total assets in loans or investments
authorized by the bank's board of directors. (B) If a loan or other investment is authorized under more than one section of Chapter
1109. of the Revised Code, a state bank may designate under which section the loan
or investment has been or will be made. The loan or investment may be apportioned among appropriate categories, and may
be moved in whole or in part from one category to another.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1109.40
- 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 § 1109.40?
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 § 1109.40 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 § 1109.40 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Statutes are amended, repealed, and renumbered every session.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.