Ohio Revised Code Chapter 1125 - Banks - Liquidations And Conservatorships

• Section 1125.01 - Jurisdiction Of Court.
  (A) As used in this chapter, "court" means the court of common pleas of the county in which the principal place of business of...
• Section 1125.02 - Amended And Renumbered Rc 1121.02.
  Effective Date: 01-01-1997
• Section 1125.03 - Voluntary Liquidation.
  (A) A bank may proceed with a voluntary liquidation and be closed only with both the consent of the superintendent of financial institutions and...
• Section 1125.04 - Superintendent's Consent To Voluntary Liquidation.
  (A) If the superintendent of financial institutions consents to a voluntary liquidation, the superintendent shall cause a certified copy of the consent to be...
• Section 1125.05 - Continued Supervision Of Voluntary Dissolution.
  (A) A voluntary liquidation of a bank shall be conducted only with the continued supervision of the superintendent of financial institutions. The superintendent may...
• Section 1125.06 - Submission Of Documents After Completion Of Voluntary Liquidation.
  Upon completion of a voluntary liquidation, the liquidated bank shall submit to the superintendent of financial institutions all documents required under Chapter 1701. of...
• Section 1125.061 To 1125.08 - [Repealed].
  Effective Date: 01-01-1997
• Section 1125.09 - Conditions Necessary For Appointment Of Conservator.
  The superintendent of financial institutions may appoint a conservator to take possession of the property and business of a bank and to retain possession...
• Section 1125.10 - Appointment Of Conservator.
  (A) If it appears to the superintendent of financial institutions that any one or more of the conditions set forth in section 1125.09 of...
• Section 1125.11 - Filing Certified Copy Of Certificate Of Appointment.
  (A) Upon the appointment of a conservator, the superintendent of financial institutions shall file a certified copy of the certificate of appointment in the...
• Section 1125.12 - Powers Of Conservator.
  (A) A conservator, under the supervision of the superintendent of financial institutions and subject to any limitations imposed by the superintendent, shall have all...
• Section 1125.13 - Conduct Of Business During Conservatorship.
  During the period of the conservatorship, all of the following apply: (A) The conservator may permit the bank to continue to conduct its usual...
• Section 1125.14 - Recommendation Of Conservator.
  (A) The conservator shall evaluate the business and assets of the bank and, after conducting whatever investigations the circumstances may require, shall recommend to...
• Section 1125.15, 1125.151, 1125.16 - [Repealed].
  Effective Date: 01-01-1997
• Section 1125.17 - Full And Exclusive Powers And Procedures For Liquidation Of Banks.
  This chapter provides the full and exclusive powers and procedures for the liquidation of banks under the laws of this state, and no receiver...
• Section 1125.18 - Conditions Necessary For Taking Possession Of Bank Property And Business.
  The superintendent of financial institutions may take possession of the property and business of a bank if the superintendent finds any one or more...
• Section 1125.181 - Amended And Renumbered Rc 1103.14.
  Effective Date: 01-01-1997
• Section 1125.19 - Filing Certified Copy Of Certificate Of Appointment.
  (A) Upon issuing a written finding that any one or more of the conditions set forth in section 1125.18 of the Revised Code for...
• Section 1125.20 - Appointment As Receiver To Federal Deposit Insurance Corporation.
  (A) If it appears to the superintendent of financial institutions that any one or more of the conditions set forth in section 1125.18 of...
• Section 1125.21 - Title Vested In Receiver.
  Upon the superintendent of financial institutions' appointment of a receiver, title to all of the bank's assets shall vest in the receiver without the...
• Section 1125.22 - Powers Of Receiver.
  (A) A receiver shall have all of the following powers: (1) To take possession of all books, records of account, and assets of the...
• Section 1125.23 - Presenting And Disposing Of Claims.
  (A) The receiver shall promptly cause notice of the claims procedure to be published once a month for two consecutive months in a local...
• Section 1125.24 - Paying Claims.
  (A) All claims against the bank's estate and expenses, proved to the receiver's satisfaction or approved by the court, shall be paid in the...
• Section 1125.25 - Election To Reject Or Ratify And Assign Executory Contract.
  (A) Within one hundred days after the date of the closing of a bank, a receiver may reject any executory contract to which the...
• Section 1125.26 - Subrogation Rights Of Federal Deposit Insurance Corporation.
  Whenever the federal deposit insurance corporation pays or makes available for payment the insured deposit liabilities of a bank, the federal deposit insurance corporation,...
• Section 1125.27 - Receiver May Appoint Successor.
  (A) The receiver may appoint a successor to all rights, obligations, assets, deposits, agreements, and trusts held by the closed bank as trustee, administrator,...
• Section 1125.28 - Filing Operates As Automatic Stay.
  (A) The filing with the court of the finding of the superintendent of financial institutions or the certificate of appointment of the receiver, whichever...
• Section 1125.29 - Order Declaring Bank Properly Wound Up And Dissolved.
  (A) When a receiver has completed the liquidation of a bank, the receiver shall, with notice to the superintendent of financial institutions, petition the...
• Section 1125.30 - Receiver May Destroy Records.
  Subject to the approval of the court, the receiver may destroy the records of the bank after the receiver determines there is no further...
• Section 1125.33 - Damages - Immunity.
  (A) No damages may be awarded in a proceeding brought pursuant to this chapter challenging any action by the superintendent of financial institutions, special...
• Section 1125.99 - [Repealed].
  Effective Date: 01-01-1997

Last modified: October 10, 2016