Ohio Code § 1125.22

§ 1125.22.

(A) A receiver shall have all of the following powers: (1) To take possession of all books, records of account, and assets of the state bank; (2) To collect all debts, claims, and judgments belonging to the bank and to take any

other action, including the lending of money, necessary to preserve and liquidate

the assets of the bank; (3) To execute in the name of the bank any instrument necessary or proper to effectuate

the receiver's powers or perform its duties as receiver; (4) To initiate, pursue, compromise, and defend litigation involving any right, claim,

interest, or liability of the bank; (5) To exercise all fiduciary functions of the bank as of the date of appointment as

receiver; (6) To borrow money as necessary in the liquidation of the bank, and to secure those

borrowings by the pledge or mortgage of assets of the bank; (7) To abandon or convey title to any holder of a deed of trust, mortgage, or similar

lien against property in which the bank has an interest, whenever the receiver determines

that continuing to claim that interest is burdensome and of no advantage to the bank

or its account holders, creditors, shareholders, or members; (8) To sell any and all assets, to compromise any debt, claim, obligation, or judgment

due to the bank, to discontinue any pending action or other proceeding, and to sell

or otherwise transfer all or a substantial portion of the assets or liabilities of

the bank; (9) To establish ancillary receiverships in any jurisdiction the receiver determines

necessary; (10) To distribute assets in accordance with this chapter; (11) To take any other action incident to the powers set forth in division (A) of this

section. (B) Unless specifically indicated to the contrary, the powers conferred upon a receiver

under this section may be exercised without court approval.  However, nothing in this section shall be construed to prevent a receiver from obtaining

court approval when the receiver determines approval is appropriate under the circumstances.