Ohio Code 1109.39 – Additional stock investments
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In addition to the specific investments authorized in this chapter, a state bank may also invest, in the aggregate, no more than ten per cent of its assets in the common or preferred stock, obligations, or other securities of any corporations, as authorized by the bank’s board of directors.
Terms Used In Ohio Code 1109.39
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- state: means the state of Ohio. See Ohio Code 1.59