Ohio Revised Code Chapter 1119 - Foreign Banks

• Section 1119.01 - Foreign Bank Definitions.
  As used in this chapter, unless the context otherwise requires: (A) "Foreign bank" means any company, or any subsidiary or affiliate of a company,...
• Section 1119.02 - Foreign Bank License.
  (A) No foreign bank shall conduct any operations in this state connected to its banking business, unless it has a license issued by the...
• Section 1119.03, 1119.04 - [Repealed].
  Effective Date: 01-01-1997
• Section 1119.05 - Applying For Preliminary Approval Of Representative Office.
  (A) (1) For each representative office a foreign bank proposes to operate, the foreign bank shall first submit to the superintendent of financial institutions...
• Section 1119.06 - Prohibited And Authorized Activities.
  (A) A foreign bank licensed to operate a representative office shall not conduct any banking business through the licensed representative office, including any of...
• Section 1119.08 - Applying For Preliminary Approval Of Agency Or Branch.
  (A) (1) For each agency or branch a foreign bank proposes to operate, the foreign bank shall first submit to the superintendent of financial...
• Section 1119.09 - Pledging Assets.
  (A) To be licensed to operate an agency or branch in this state, a foreign bank shall pledge assets to the superintendent of financial...
• Section 1119.10 - Complying With Asset Maintenance Requirement.
  (A) Subject to conditions and requirements the superintendent of financial institutions may prescribe, to be licensed to operate an agency or branch in this...
• Section 1119.11 - Permitted Activities.
  (A) When a foreign bank engages in an activity or undertakes an action through an agency or branch licensed under this chapter, the foreign...
• Section 1119.13 - Branch Defined.
  No foreign bank licensed under this chapter to operate a representative office or an agency shall use the term "branch" to identify that representative...
• Section 1119.14 - Transferring Or Assigning License.
  (A) No license issued to a foreign bank under this chapter is transferable or assignable. (B) When a foreign bank licensed under this chapter...
• Section 1119.16 - Licensee's Duties.
  (A) (1) Except as provided in division (A)(2) of this section, each foreign bank licensed to operate a representative office, agency, or branch in...
• Section 1119.17 - Reporting Income And Condition.
  (A) Each foreign bank licensed under this chapter shall file with the superintendent of financial institutions any reports the superintendent may prescribe in the...
• Section 1119.18 - Approving Or Taking Action.
  When the laws of this state require an action by or regarding a foreign bank or a representative office, agency, or branch of a...
• Section 1119.21 - Regulatory Powers.
  (A) In addition to the specific powers, remedies, and sanctions provided in this chapter, any foreign bank licensed to operate a representative office, agency,...
• Section 1119.22 - Revoking Or Suspending License.
  (A) (1) If the superintendent of financial institutions determines, after notice and an opportunity for hearing in accordance with sections 1121.37 and 1121.38 of...
• Section 1119.23 - Liquidation.
  (A) If the superintendent of financial institutions determines, in accordance with division (A) of section 1119.22 of the Revised Code, any of the conditions...
• Section 1119.24 - Priority Of Ohio Creditors.
  The creditors of a foreign bank's licensed agencies or branches in this state shall be entitled to priority over other creditors of the foreign...
• Section 1119.26 - Voluntary Liquidation And Surrender Of License.
  (A) A foreign bank may voluntarily liquidate and surrender its license to operate a representative office, agency, or branch licensed under this chapter only...

Last modified: October 10, 2016