Ohio Code § 1315.18
Ohio Code § 1315.18. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1315.18.
(A) A licensee that ceases to do business in this state shall do so in accordance with
a plan approved by the superintendent of financial institutions or pursuant to directions
issued by the superintendent in connection with the revocation or suspension of the
licensee's license pursuant to section 1315.151 of the Revised Code . (B) When a licensee ceases to do business in this state, if the superintendent considers
it necessary to protect the interests of the licensee's customers, the superintendent
may do either of the following: (1) Take control of permissible investments or other assets owned by the licensee equal
in value to the licensee's outstandings in this state; (2) Require the sale of the licensee's contracts for continuing services or require the
licensee's termination of those contracts with compensation to the customers for loss
of the services. (C) No licensee shall fail to comply with this section.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1315.18
- 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 § 1315.18?
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 § 1315.18 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 § 1315.18 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Statutes are amended, repealed, and renumbered every session.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.