Ohio Admin. Code 1301:9-3-12
Current through all regulations passed and filed through December 23, 2024
When the property and business of a participating credit union have been liquidated or are in the process of liquidation and the proceeds of liquidation are insufficient to pay the full guaranteed amount of each credit union share account, the credit union share guaranty corporation shall notify the superintendent of credit unions and the superintendent of insurance of the amount of the share deficiency upon verification of the share account balances and the date on which such deficiency has been paid.
Ohio Admin. Code 1301:9-3-12
Promulgated Under: 119.03
Statutory Authority: 1761.04
Rule Amplifies: 1761.11
Prior Effective Dates: 01/01/1991
Promulgated Under: 119.03
Statutory Authority: 1761.04
Rule Amplifies: 1761.11
Prior Effective Dates: None