Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance

Can you summarize OHRC Section 1109.11?

State Banks - Powers > Deposits entered as U.S. money.

October 3, 2023

Short Summary

All deposits of money, or its equivalent, made with a bank shall be entered on its books only in terms of money of the United States.

Jurisdiction

Ohio

Source

OHRC Section 1109.11 [https://reggi.cloud.regology.com/regulations/US-OHRC/US-OHRC_T_11_C_1109_S_11]

Banking

Disclaimer:

This content has been generated through Regology’s AI platform, Reggi, leveraging Regology’s Smart Law Library and Regology’s legal technical capabilities such as causal citations, root context, decomposition of authoritative documents, and curated law library topics. The information provided here is intended for informational purposes only and should not be regarded as a replacement for professional guidance. The content on this website is offered without any warranties, whether explicit or implied. It is recommended to verify the information and seek advice from appropriate experts or professionals in specific fields as required.