Section 1111.27 | Reporting to Superintendent.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly Each trust company licensed under this chapter shall file with the superintendent of financial institutions any report the superintendent may require, in the form and manner and containing the information prescribed by the superintendent.
Section 1111.28 | Court Order for Investigation of Trust.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) Any judge of a court by order of which a trust company is acting in a fiduciary capacity may, upon the judge’s own motion or upon the written application of any party interested in the trust estate, appoint suitable persons to […]
Section 1111.31 | Ceasing Trust Business.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) A trust company licensed under this chapter may cease doing trust business and voluntarily surrender its license to solicit or engage in trust business in this state, and as a consequence be relieved of the necessity to comply with the requirements […]
Section 1111.32 | Revoking or Suspending License.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) If the superintendent of financial institutions determines, after notice in accordance with section 1121.37 of the Revised Code and opportunity for hearing in accordance with section 1121.38 of the Revised Code, that any of the following factors is true, the superintendent […]
Section 1111.33 | Liquidating Assets.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) If the superintendent of financial institutions revokes a trust company’s license to do trust business in this state pursuant to division (A) of section 1111.32 of the Revised Code, the superintendent may take possession of the trust company’s trust business in […]
Section 1111.26 | Regulation by Superintendent and Division of Financial Institutions.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) Any trust company is subject to all powers of, and remedies and sanctions available to, the superintendent of financial institutions and the division of financial institutions under Chapters 1101. to 1127. of the Revised Code, in addition to the specific powers, […]
Section 1111.13 | Investing of Trust Funds.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A)(1) Except as provided in divisions (A)(2) and (G) of this section or as otherwise provided by the instrument creating the trust, a trust company acting as fiduciary under any instrument and having funds of the trust which are to be invested […]
Section 1111.14 | Collective Investments.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly A trust company may do any of the following: (A) Collectively invest assets it holds in any fiduciary capacity in any investment authorized by the superintendent of financial institutions, subject to all of the following conditions that apply: (1) The collective investment […]
Section 1111.15 | Purchase of Services or Products.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) A trust company acting in any fiduciary capacity, including, but not limited to, the capacities described in section 1111.11 of the Revised Code, may purchase any service or product, including, but not limited to, insurance or securities underwritten or otherwise distributed […]
Section 1111.16 | Fiduciary Capacity for Holding Money and Property.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) A trust company may receive and hold money and other property in a fiduciary capacity generally in trust as trustee unless the instrument or other authority appointing the trust company as trustee directs that the money and property be held, in […]