Ohio Code § 1111.07
Ohio Code § 1111.07. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1111.07.
(A) A trust company's license to solicit or engage in trust business in this state is
not transferable or assignable. (B) Subject to section 2109.28 of the Revised Code , if any trust company enters into a merger or consolidation in which the trust company
is not the surviving corporation, or transfers all or substantially all of its assets
and liabilities to another corporation, the resulting, surviving, or transferee corporation
shall succeed the trust company as fiduciary as a matter of law and without necessity
to do anything further, if the resulting, surviving, or transferee corporation is
a trust company or a national bank or federal savings association authorized to accept
and execute trusts and doing business under authority granted by the office of the
comptroller of the currency. If the trust company is not the surviving corporation of a merger, enters a consolidation,
or after transferring substantially all of its assets and liabilities ceases to solicit
or engage in trust business in this state, the trust company shall surrender its trust
company license in accordance with section 1111.31 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1111.07
- 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 § 1111.07?
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 § 1111.07 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 § 1111.07 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Statutes are amended, repealed, and renumbered every session.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.