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Ohio · Through 2018-01-01 (House Bill 49 - 132nd General Assembly)

Ohio Rev. Code § 1116.10: Governance by board of directors.

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Where this section sits in the code
  1. Title 11 Banks-Savings and Loan Associations
  2. Chapter 1116 Mutual Holding Companies

(A) A mutual holding company and any subsidiary holding company shall be governed by a board of directors and in accordance with the articles of incorporation and code of regulations adopted in connection with the reorganization, or as amended in accordance with law or rule after the reorganization.

(B) The board of the mutual holding company and any subsidiary holding company shall have at least five members who, initially, shall consist of the board of directors of the reorganizing mutual state bank. Such members, after the formation of the mutual holding company and any subsidiary holding company, shall continue to serve as directors for the balance of the terms to which they were elected.

Collected 2026-09-14T19:24:28Z. Source file · JSON

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