Ohio Code § 1114.08
Ohio Code § 1114.08. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1114.08.
(A) A depositor of a mutual state bank shall be a voting member and shall have such ownership
interest in the bank as may be provided in the terms and conditions set forth in the
articles of incorporation, code of regulations, and bylaws of the bank. (B) The code of regulations of a mutual state bank may provide that all borrowers from
the bank are members and, if so, shall provide for their rights and privileges. (C)(1) Unless otherwise provided in the articles of incorporation or code of regulations,
a proxy granted by a depositor to the officers and directors of a mutual state bank
shall expire on the date specified in the proxy. If no date is so specified, the authority granted by the proxy shall be perpetual. (2) On and after the effective date of this section, the writing or verifiable communication
appointing a proxy shall be separate and distinct from any deposit agreement, loan
agreement, or any other agreement, statement, document, or disclosure provided by
a mutual state bank to a depositor.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1114.08
- 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 § 1114.08?
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 § 1114.08 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 § 1114.08 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Statutes are amended, repealed, and renumbered every session.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.