Ohio Code § 1761.19
Ohio Code § 1761.19. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1761.19.
(A) If, at any time, the superintendent of credit unions or the superintendent of insurance
has cause to believe that the actions or practices of a credit union share guaranty
corporation or its officers, directors, or employees may cause harm to the corporation,
its members, or creditors, the superintendent may set a supervisory conference. The superintendent shall inform each director of the corporation of the date, time,
and place of the supervisory conference. The directors of the corporation shall attend supervisory conferences set by the
superintendent. Unless a director has a reasonable excuse for his refusal or failure to attend a
supervisory conference, such refusal or failure shall be grounds for removal. Such removal shall be in accordance with procedures applicable to the removal of
a director of a credit union under section 1733.181 of the Revised Code . (B) At the supervisory conference, the superintendent shall inquire into the actions
or practices at issue. If it appears to the superintendent that such actions or practices are likely to
cause harm to the corporation, its members, or creditors, the superintendent may negotiate
and conclude an agreement with the corporation, its officers, or directors as to action
that is to be taken by the corporation, its officers, or directors to correct or prevent
the actions or practices which are the subject of the supervisory conference. Such an agreement shall be reduced to writing as soon as possible after it is concluded,
and may be modified or terminated by a subsequent agreement. (C) This section shall not be construed to mean that the superintendent cannot request
a meeting with the management, board of directors, or agent of the corporation other
than for the purpose of concluding a supervisory agreement. (D) When any supervisory conference is set under this section, the superintendent of
credit unions and the superintendent of insurance shall provide the other with notice
of the supervisory conference and shall provide an opportunity to the other to join
and participate in the supervisory conference.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1761.19
- 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 § 1761.19?
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 § 1761.19 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 § 1761.19 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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No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.