Ohio Code § 1113.09
Ohio Code § 1113.09. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1113.09.
(A) The superintendent of financial institutions shall issue a certificate of authority
to commence business if: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1113.08 of the Revised Code and any other facts within the knowledge of the superintendent, that the stock state
bank is otherwise entitled to commence business. (2) With respect to a stock state bank that, upon commencing business, would be authorized
to accept deposits other than trust funds, the superintendent has received from the
federal deposit insurance corporation (FDIC) confirmation that the FDIC has approved
the bank's application to become an insured bank as defined in section 3(h) of the
“Federal Deposit Insurance Act,” 92 Stat. 614 (1978), 12 U.S.C.A. 1813(h) . A stock state bank is not required to become an insured bank as defined in section
3(h) of the “Federal Deposit Insurance Act” if, by the terms of its articles of incorporation,
it is not permitted to solicit or accept deposits other than trust funds. (B) The bank shall cause the certificate of authority to commence business to be published
once a week for two successive weeks in a newspaper of general circulation in the
county where the bank's initial banking office is located. (C) For purposes of this section, “ trust funds ” means funds held in a fiduciary capacity and includes, but is not limited to, funds
held as trustee, executor, administrator, guardian, or agent.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1113.09
- 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 § 1113.09?
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 § 1113.09 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 § 1113.09 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.
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