Ohio Code 1107.13 – Bank may purchase its own shares
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With the prior written approval of the superintendent of financial institutions, a stock state bank may purchase its own shares in accordance with section 1701.35 of the Revised Code.
Terms Used In Ohio Code 1107.13
- state: means the state of Ohio. See Ohio Code 1.59
(B) A stock state bank that acquires shares of its stock shall retire or dispose of the shares at the time and in the manner required by the superintendent.