Ohio Rev. Code § 1109.61

Current with legislation from 2024 received as of August 15, 2024.
Section 1109.61 - Paying management and consulting fees

No state bank shall contract to pay, or pay to any person, any fees for management or consulting services, including fees for legal, accounting, brokerage, or other similar professional services, that do not have a direct relationship to the value of the services rendered or to be rendered, based on reasonable costs consistent with current market values for services of the kind contracted for.

R.C. § 1109.61

Amended by 132nd General Assembly, HB 49,§130.21, eff. 1/1/2018.
Effective Date: 1/1/1997 .