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Ohio Revised Code Title XI. Banks Savings and Loan Associations § 1114.12

Current as of January 01, 2024 | Updated by Findlaw Staff

(A) Whenever members of a mutual state bank are required or authorized to elect directors or to take any other action at a meeting, either annual or special, notice of the meeting shall be given in either of the following ways:

(1) By publication, once each week on the same day of the week for three consecutive weeks immediately preceding the date of the meeting in a newspaper published in and of general circulation in the county in which the principal office of the bank is located, of a notice containing the name of the bank and the purpose, place, date, and hour of the meeting;

(2) By notice served upon or mailed to members as provided in section 1701.41 of the Revised Code.

(B) The notice required under division (A) of this section shall include a statement that, if a member granted a proxy to the officers and directors of the bank, the proxy is revocable at any time before the meeting or by attending the meeting and voting in person.

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Cite this article: FindLaw.com - Ohio Revised Code Title XI. Banks Savings and Loan Associations § 1114.12 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xi-banks-savings-and-loan-associations/oh-rev-code-sect-1114-12/

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