Upon the superintendent of financial institutions’ appointment of a receiver, title to all of the state bank’s assets shall vest in the receiver without the execution of any instrument of conveyance, assignment, transfer, or endorsement.

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Terms Used In Ohio Code 1125.21

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • state: means the state of Ohio. See Ohio Code 1.59