Ohio Rev. Code Ann. § 1107.13 – Bank may purchase its own shares | Midpage
§ 1107.13
Ohio Rev. Code Ann. § 1107.13
Bank may purchase its own shares
Effective Jan 1, 2018House Bill 49 - 132nd General Assembly
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.
(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.