Ohio Code § 1116.01
Ohio Code § 1116.01. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1116.01.
As used in this chapter, unless the context requires otherwise: (A) “ Acquiree mutual bank ” means any state bank, savings association, or savings bank that meets both of the
following conditions: (1) It is acquired by a mutual holding company as part of, and concurrently with, a mutual
holding company reorganization. (2) It is in the mutual form immediately prior to the acquisition. (B) “ Reorganization plan ” means the plan to reorganize into a mutual holding company structure described in section 1116.07 of the Revised Code . (C) “ Reorganizing mutual state bank ” means a mutual state bank that proposes to reorganize into a mutual holding company
structure in accordance with this chapter. (D) “ Resulting mutual holding company ” means a bank holding company organized in mutual form under this chapter and, unless
otherwise indicated, a subsidiary holding company controlled by a mutual holding company
organized under this chapter. (E) “ Resulting stock state bank ” means a stock state bank that is organized as a subsidiary of a reorganizing mutual
state bank to receive a substantial part of the assets and liabilities, including
all deposit accounts, of the reorganizing mutual state bank upon consummation of the
reorganization. (F) “ Stock bank ” means a bank that has an ownership structure in the form of shares of stock and
is doing business under authority granted by the superintendent of financial institutions
or the bank regulatory authority of another state or the United States. (G) “ Subsidiary holding company ” means a stock company that is controlled by a mutual holding company and that owns
the stock of a stock state bank whose depositors have membership rights in the parent
mutual holding company.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1116.01
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
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Common questions
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