Ohio Code 1121.16 – Prohibited acts; violations
(A) No state bank, trust company, or regulated person shall do any of the following:
Terms Used In Ohio Code 1121.16
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Regulated person: means any of the following:
(1) A director, officer, or employee of or agent for a bank or trust company or a person who controls a state bank, foreign bank, or trust company. See Ohio Code 1121.01
- state: means the state of Ohio. See Ohio Code 1.59
(1) Refuse to allow any examination authorized by section 1121.10 of the Revised Code;
(2) Refuse to give information required by the division of financial institutions in the course of or in relation to an examination authorized by section 1121.10 of the Revised Code;
(3) Provide false or misleading information in the course of or in relation to an examination authorized by section 1121.10 of the Revised Code, knowing it to be false or misleading.
(B) If a state bank, trust company, or regulated person violates division (A) of this section, the superintendent may do any of the following:
(1) Issue a cease and desist order pursuant to section 1121.32 of the Revised Code, issue a removal or prohibition order pursuant to section 1121.33 of the Revised Code, issue a suspension or temporary prohibition order pursuant to section 1121.34 of the Revised Code, or assess a civil penalty pursuant to section 1121.35 of the Revised Code;
(2) Appoint a conservator for the state bank pursuant to section 1125.09 of the Revised Code;
(3) Initiate civil or criminal proceedings the superintendent considers appropriate.