Ohio Revised Code Chapter 1155 - Regulation Of Savings And Loan Associations

• Section 1155.01 - Regulation Of Savings And Loan Association Definitions.
  As used in sections 1155.01 to 1155.20 of the Revised Code: (A) "Controlling person" means any person or entity which, either directly or indirectly,...
• Section 1155.011 - Superintendent And Deputy Superintendent For Savings And Loan Associations And Savings Banks - Powers And Duties.
  (A) (1) The superintendent of financial institutions shall see that the laws relating to savings and loan associations are executed and enforced. (2) The...
• Section 1155.02 - Cease-and-desist Order.
  (A) (1) If, in the opinion of the superintendent of savings and loan associations, an association or a person has failed to comply with...
• Section 1155.021 - Requiring Supervisory Conference.
  (A) If, at any time, the superintendent of savings and loan associations has cause to believe that the actions or business practices of a...
• Section 1155.03 - Criminal Records Check To Be Requested By Superintendent.
  Whenever the approval of the superintendent of financial institutions is required under Chapters 1151. to 1157. of the Revised Code, or under an order...
• Section 1155.031 - [Repealed].
  Effective Date: 09-26-1996
• Section 1155.04 - [Repealed].
  Effective Date: 07-01-1985
• Section 1155.05 - Expenses To Be Paid From Appropriations.
  All expenses incurred by the superintendent of financial institutions in the regulation of savings and loan associations shall be paid from funds appropriated for...
• Section 1155.06 - [Repealed].
  Effective Date: 09-26-1996
• Section 1155.07 - Reports - Accounts - Audits - Preservation Or Destruction Of Records.
  Every savings and loan association organized under the laws of this state shall make, as of the thirty-first day of December and the thirtieth...
• Section 1155.071 - Notice Of Independent Auditor.
  (A) A savings and loan association shall notify the superintendent of savings and loan associations, on a form prescribed by the superintendent, within ten...
• Section 1155.08 - Form, Contents, And Time Of Filing Reports.
  (A) (1) The annual and semiannual reports required from a savings and loan association by section 1155.07 of the Revised Code shall be in...
• Section 1155.09 - Examination.
  At least once every twenty-four months the superintendent of financial institutions, or examiners appointed for that purpose, shall make an examination into the affairs...
• Section 1155.091 - Cooperative Examinations.
  (A) In administering Chapters 1151. to 1157. of the Revised Code and fulfilling the duties imposed by those chapters, including the duty imposed by...
• Section 1155.10 - Special Examination.
  Whenever the superintendent of financial institutions considers it necessary, the superintendent may make a special examination of any savings and loan association, and the...
• Section 1155.11 - Powers Of Examiners And Superintendent.
  (A) An examiner appointed by the superintendent of savings and loan associations shall have access to and may compel the production of all books,...
• Section 1155.12 - Superintendent May Publish Results Of Examination.
  If the superintendent of building and loan associations deems it to the interest of the public, he may publish the results of the examination...
• Section 1155.13 - [Repealed].
  Repealed by 131st General Assembly File No. TBD, HB 340, §101.02, eff. 12/22/2015.
• Section 1155.131 - [Repealed].
  Effective Date: 06-30-1999
• Section 1155.14 - [Repealed].
  Effective Date: 09-26-1996
• Section 1155.15 - Securities To Be Deposited With Treasurer Of State.
  All securities or cash deposited with the superintendent of building and loan associations shall be deposited by him with the treasurer of state, who,...
• Section 1155.16 - Confidentiality.
  (A) (1) Except as provided in division (B) of this section, the superintendent of financial institutions, the superintendent's agents, and employees shall keep privileged...
• Section 1155.17 - Forfeiture For Noncompliance.
  (A) (1) An association, director, officer, employee, or controlling person who knowingly fails to comply with the laws relating to savings and loan associations...
• Section 1155.18 - Adopting Rules Giving Federal Rights To State Associations.
  Notwithstanding any provision of the Revised Code, if federal savings and loan associations organized under the "Home Owners Loan Act of 1933," 48 Stat....
• Section 1155.19 - [Repealed].
  Effective Date: 09-26-1996
• Section 1155.20 - Superintendent Issuing Rules And Standards.
  The superintendent of building and loan associations shall issue rules and standards necessary to carry out Chapters 1151., 1153., 1155., and 1157. of the...
• Section 1155.21 - False Statements Prohibited.
  (A) A person may not purposely or knowingly make, circulate, send, cause, aid, procure, or permit to be made, circulated, or sent any false...
• Section 1155.22 - [Repealed].
  Effective Date: 07-14-1987
• Section 1155.23 - Purpose Of Savings And Loan Assurance Corporation.
  In enacting sections 1155.23 to 1155.31 of the Revised Code, the general assembly finds that the savings and loan assurance corporation is necessary for...
• Section 1155.24 - Savings And Loan Assurance Corporation.
  (A) The guaranty fund created pursuant to Substitute Senate Bill No. 113 of the 116th general assembly shall hereafter be known as the savings...
• Section 1155.25 - Utilization Of Assets, Deposits And Loan Proceeds.
  In order to provide stability for financial institutions, to facilitate the orderly reopening of as many building and loan associations as is practicable, and...
• Section 1155.26 - Authority Of Board Of Trustees Where Closed Association Unlikely To Qualify For Federal Insurance.
  (A) If the board of trustees of the savings and loan assurance corporation, with the approval of the superintendent, determines that a building and...
• Section 1155.27 - Converting To Stock Form.
  A building and loan association without permanent stock may convert itself to the stock form, subject to the rules of the superintendent of building...
• Section 1155.28 - Assumption Of Liabilities By Acquiring Institution.
  A domestic depository institution that acquires all or any part of the assets and assumes certain of the liabilities of a building and loan...
• Section 1155.29, 1155.30 - [Repealed].
  Effective Date: 07-14-1987
• Section 1155.31 - Provisions Prevail - Depository Institution Defined.
  (A) Sections 1155.23 to 1155.31 of the Revised Code shall apply notwithstanding any contrary or inconsistent provisions of this chapter or any other chapter...
• Section 1155.35 - Issuing Administrative Guidelines.
  The superintendent of savings and loan associations may issue administrative guidelines that interpret the requirements of Chapters 1151., 1153., 1155., and 1157. of the...
• Section 1155.37 - Examining Holding Company, Affiliate Or Subsidiary.
  (A) As used in this section, "savings and loan holding company" means any company which is a savings and loan holding company as defined...
• Section 1155.41 - Policy On Depositor Assistance Corporations.
  In enacting sections 1155.41 to 1155.47 of the Revised Code, the general assembly finds that the closure of certain financial institutions in the state...
• Section 1155.42 - Depositor Assistance Corporation Definitions.
  As used in sections 1155.41 to 1155.47 of the Revised Code: (A) "Acquisition" means acquiring, directly or indirectly, any voting shares of, interest in,...
• Section 1155.43 - Creation Of Depositor Assistance Corporation.
  (A) There is hereby authorized the creation of the depositor assistance corporation as a charitable not for profit corporation to be organized under Chapter...
• Section 1155.44 - Acquiring Insolvent Depository Institution.
  (A) The depositor assistance corporation may enter into a contract for an acquisition with: (1) A purchaser; (2) An acquiring bank; and (3) An...
• Section 1155.45 - Converting Savings And Loan Into Bank.
  (A) With the approval of, and upon the conditions imposed by, the superintendent of financial institutions and subject to division (G) of this section,...
• Section 1155.46 - Acquiring Bank By Foreign Bank Holding Company.
  A foreign bank holding company that undertakes an organization, acquisition, or conversion described in division (G) of section 1155.45 of the Revised Code, shall...
• Section 1155.47 - Foreign Acquisition Time Limits.
  No acquisition of a bank or banks by a foreign bank holding company shall be permitted under division (A) of section 1155.45 of the...
• Section 1155.99 - [Repealed].
  Effective Date: 07-01-1996

Last modified: October 10, 2016