Ohio Code § 1112.24
Ohio Code § 1112.24. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1112.24.
(A) The superintendent of financial institutions may revoke a license issued under this
chapter if, after notice and an opportunity for hearing in accordance with Chapter
119. of the Revised Code (which hearing shall not be open to the public), the superintendent
finds either of the following: (1) An officer or director of, or any manager or family member acting in a managerial
capacity for, the licensed family trust company has failed to comply with any provision
of this chapter. (2) The licensed family trust company, or any person authorized to act on its behalf,
refuses to allow the superintendent or any deputy or examiner appointed by the superintendent
to inspect all books, records, papers, and effects related to the family trust company's
business. (B) In addition to any other remedy provided under this chapter, the superintendent may
impose a fine of not more than ten thousand dollars upon either of the following: (1) A person who fails to comply with any provision of this chapter or any rule adopted
thereunder; (2) A family trust company that is not licensed under this chapter that operates in any
manner that is authorized only for licensed family trust companies.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1112.24
- 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 § 1112.24?
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 § 1112.24 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 § 1112.24 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Statutes are amended, repealed, and renumbered every session.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.