Ohio Code § 1125.28
Ohio Code § 1125.28. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1125.28.
(A) The filing with the court of the finding of the superintendent of financial institutions
or the certificate of appointment of the receiver, whichever occurs first, operates
as an automatic stay from the date of the filing, subject to the court granting a
motion for relief from the stay, applicable to all persons, of both of the following: (1) The commencement or continuation, including the issuance or employment of process,
of a judicial, administrative, or other action or proceeding against the state bank
that was or could have been commenced before the filing; (2) The enforcement against the bank of a judgment or other claim obtained before the
filing, including claims of security, preference, priority, and offset. (B) Upon the filing with the court of the finding of the superintendent or the certificate
of appointment of the receiver, whichever occurs first, any other pending judicial,
administrative, or other action or proceeding against the bank shall, upon motion
of the receiver, be consolidated into one action or transferred as a separate matter
before the presiding judge of the court having jurisdiction of the receivership, subject,
however, to the automatic stay provided in division (A) of this section. Subject to the receiver's option to have an action later consolidated or transferred,
any action commenced after the superintendent's filing shall be filed as a separate
matter before the presiding judge in the court having jurisdiction over the receivership. (C) The superintendent, prior to the appointment of a receiver, or the receiver, after
its appointment, shall be the only party named in an action involving a state bank
subject to this chapter. (D) Any action seeking to enjoin the superintendent's order appointing a receiver of
a state bank shall be brought prior to the date the receiver sells all or substantially
all of the assets of the bank, prior to the date the receiver transfers all or substantially
all of the insured deposits to an assuming institution, or within ten days after the
issuance of the order, whichever is earliest.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1125.28
- 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 § 1125.28?
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 § 1125.28 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 § 1125.28 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?
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