Ohio Code § 1125.19

Ohio Code § 1125.19. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 1125.19.

(A) Upon issuing a written finding that any one or more of the conditions set forth in section 1125.18 of the Revised Code for taking possession of a state bank exists and taking possession of the state bank,

the superintendent of financial institutions shall file a certified copy of the finding

and the notice of possession with the court. (B) Upon the appointment of a receiver, the superintendent shall file a certified copy

of the certificate of appointment in the office of the secretary of state and with

the court. (C) After the superintendent files the finding of the superintendent or the certificate

of appointment of the receiver, whichever occurs first, no person shall obtain a lien

or charge upon any assets of the bank for any payment, advance, clearance, or liability

thereafter incurred, nor shall the directors, officers, or agents of the bank have

authority to act on behalf of the bank or to convey, transfer, assign, pledge, mortgage,

or encumber any assets of the bank. (D) Upon taking possession of the bank, the superintendent shall post or cause to be

posted an appropriate notice of closing at the main entrance of each of the bank's

banking offices. (E) Neither filing nor posting of notice in accordance with this section shall be a condition

to either the superintendent's taking possession of the property and business of a

state bank or appointing a receiver for a state bank.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 1125.19
  • 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:

Not legal advice. Verify against the official source and consult a licensed Ohio attorney.

Common questions

What is the source of Ohio Revised Code § 1125.19?

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 § 1125.19 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 § 1125.19 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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