Ohio Code § 1119.10
Ohio Code § 1119.10. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1119.10.
(A) Subject to conditions and requirements the superintendent of financial institutions
may prescribe, to be licensed to operate an agency or branch in this state, a foreign
bank shall maintain assets in this state of the kinds and in the amount prescribed
by the superintendent as necessary or desirable for the maintenance of a sound financial
condition and for the protection of depositors, creditors, and the public interest. (B) In determining compliance with the asset maintenance requirement of division (A)
of this section, the superintendent shall include all of the following: (1) Assets the foreign bank has pledged as required by section 1119.09 of the Revised Code ; (2) Reserves the foreign bank is required to maintain with the federal reserve with respect
to the foreign bank's agencies and branches in this state; (3) Assets pledged and surety bonds payable to the federal deposit insurance corporation
with respect to the foreign bank's agencies and branches in this state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1119.10
- 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 § 1119.10?
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 § 1119.10 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 § 1119.10 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Statutes are amended, repealed, and renumbered every session.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.