1165.07 [Effective Until 9/13/2010] Rejecting claim. - Ohio Statutes

1165.07 [Effective Until 9/13/2010] Rejecting claim.

If the superintendent of savings banks doubts the justice or validity of any claim against a savings bank of whose business and property he has taken possession under section 1165.01 of the Revised Code, he may reject the claim in whole or in part, or may reject any claim of security, preference, priority, or offset against the savings bank, and shall serve written notice of the rejection upon the claimant, either personally or by registered mail. A certificate of rejection and a certificate of notice filed in the office of the superintendent shall be prima-facie evidence of the rejection and notice.

Any party aggrieved by the rejection shall bring an action against the superintendent and the savings bank within three months after the rejection or be forever barred from asserting the rejected claim or claim of security, preference, priority, or offset.

Effective Date: 10-23-1991