Ohio Code § 1115.01

§ 1115.01.

(A)(1) A stock state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is

approved by both the office of the comptroller of the currency and the affirmative

vote or written consent of the holders of two-thirds, or such other proportion not

less than a majority as the stock state bank's articles of incorporation require,

of the outstanding shares of each class of the bank's stock; (b) Convert into a bank, savings bank, or savings association pursuant to the laws of

another state if the conversion is approved by both the regulatory authority of the

other state and the affirmative vote or written consent of the holders of two-thirds,

or such other proportion not less than a majority as the stock state bank's articles

of incorporation require, of the outstanding shares of each class of the bank's stock. (2) A mutual state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is

approved by the office of the comptroller of the currency, the affirmative vote of

two-thirds of the mutual state bank's board of directors, and the affirmative vote

of two-thirds of the total outstanding votes eligible to be cast at the meeting at

which the plan of conversion is presented to the members for adoption; (b) Convert into a bank, savings bank, or savings association pursuant to the laws of

another state if the conversion is approved by the regulatory authority of the other

state, the affirmative vote of two-thirds of the mutual state bank's board of directors,

and the affirmative vote of two-thirds of the total outstanding votes eligible to

be cast at the meeting at which the plan of conversion is presented to the members

for adoption. (B) A state bank that converts into a national bank, a federal savings association, or

a bank, savings bank, or savings association doing business under authority granted

by the bank regulatory authority of another state shall, immediately upon the conversion

being effective, file with the superintendent of financial institutions all information

the superintendent determines is necessary to reflect in the state's records that

the bank is no longer a corporation organized and doing business under the laws of

this state.