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Ohio Revised Code - Title XI Financial Institutions - Chapter 1105: Banks - Board of Directors

Legal Research Home > Ohio Laws > Financial Institutions > Ohio Revised Code - Title XI Financial Institutions - Chapter 1105: Banks - Board of Directors

  • 1105.01 Authority, number, terms and classes of directors.
    (A) Except where the Revised Code, the articles of incorporation, or the code of regulations require action to be authorized or taken by shareholders, all...
  • 1105.02 Qualifications of board members.
    (A)(1) Of the directors on the board of directors of a bank: (a) A majority of the directors shall be outside directors. However, if eighty...
  • 1105.03 Director oath.
    (A) To qualify as a director, each person elected or appointed to the board of directors shall, within sixty days after election or appointment, take...
  • 1105.04 Individual, schedule, or blanket fidelity bonds.
    Each officer and employee of a bank, prior to the discharge of the officer's or employee's duties, shall be covered by an individual, schedule, or...
  • 1105.05 Repealed.
    Effective Date: 01-01-1997
  • 1105.06 Executive committee and other board committees.
    (A) A bank's code of regulations may authorize the board of directors to create an executive committee or any other committee of the board of...
  • 1105.07 Bylaws.
    For its own governance, the board of directors may adopt bylaws not inconsistent with the law of this state, the articles of incorporation, or the...
  • 1105.08 Board and committee meetings.
    (A)(1) A bank's board of directors shall meet monthly unless the bank's code of regulations provides for a different frequency of meetings, which shall not...
  • 1105.09 Amended and Renumbered RC 1107.11.
    Effective Date: 1996 HB538 01-01-1997
  • 1105.10 Removing director - vacancy.
    (A) Once elected or appointed, a director may be removed by the board of directors or the superintendent of financial institutions if either of the...
  • 1105.11 Personal liability of director.
    Any director of a bank who knowingly violates or knowingly permits any of the officers, agents, or employees of the bank to violate any provision...
  • 1105.14 to 1105.30 Repealed.
    Effective Date: 01-01-1968

Last modified: March 31, 2010


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