Ohio Code 1109.59 – Authority to borrow
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A state bank may borrow money in any sum consistent with safety and soundness. Borrowing by means of the issuance of debt securities is subject to the approval of the superintendent of financial institutions in accordance with section 1107.05 of the Revised Code.
Terms Used In Ohio Code 1109.59
- state: means the state of Ohio. See Ohio Code 1.59