Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly As used in Chapters 5801. to 5811. of the Revised Code: (A) “Action,” with respect to an act of a trustee, includes a failure to act. (B) “Ascertainable standard” means a standard relating to an individual’s health, education, support, or maintenance within […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly Chapters 5801. to 5811. of the Revised Code may be cited as the Ohio trust code.
Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly Except as otherwise provided in any provision of Chapters 5801. to 5811. of the Revised Code, those chapters apply to charitable and noncharitable inter vivos express trusts and to trusts created pursuant to a statute, judgment, or decree that requires the trust […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) Subject to division (B) of this section, a person has knowledge of a fact if any of the following apply: (1) The person has actual knowledge of the fact. (2) The person has received notice or notification of the fact. (3) […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) Except as otherwise provided in the terms of the trust, Chapters 5801. to 5811. of the Revised Code govern the duties and powers of a trustee, relations among trustees, and the rights and interests of a beneficiary. (B) The terms of […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly The common law of trusts and principles of equity continue to apply in this state, except to the extent modified by Chapters 5801. to 5811. or another section of the Revised Code.
Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly (A) The law of the jurisdiction designated in the terms of a trust determines the meaning and effect of the terms unless the designation of that jurisdiction’s law is contrary to a strong public policy of the jurisdiction having the most significant […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) Without precluding other means for establishing a sufficient connection with the designated jurisdiction, the terms of a trust designating the principal place of administration of the trust are valid and controlling if a trustee’s principal place of business is located in […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) Notice to a person or the sending of a document to a person under Chapters 5801. to 5811. of the Revised Code shall be accomplished in a manner reasonably suitable under the circumstances and likely to result in receipt of the […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) Whenever Chapters 5801. to 5811. of the Revised Code require notice to current or qualified beneficiaries of a trust, the trustee shall also give notice to any other beneficiary who has sent the trustee a request for notice. (B) A person […]
Effective: April 6, 2017 Latest Legislation: House Bill 432 – 131st General Assembly (A) As used in this section, “creditor” means any of the following: (1) A person holding a debt or security for a debt entered into by a trustee on behalf of the trust; (2) A person holding a debt secured by one […]
Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly A guardian of the estate or person, in acting under Chapters 5801. to 5811. of the Revised Code, shall comply with the guardian’s duties under Chapter 2111. of the Revised Code or other applicable law.
Effective: March 14, 2017 Latest Legislation: Senate Bill 232 – 131st General Assembly (A) As used in this section: (1) “Assisted reproductive technologies” means any medical or scientific technology or method designed to assist one or more persons to cause a pregnancy through means other than by sexual intercourse, including technologies that are developed after […]
