Section 5810.09 | Beneficiary or Representative’s Consent to Conduct Constituting Breach.
Effective: March 22, 2012 Latest Legislation: Senate Bill 117 – 129th General Assembly A trustee is not liable to a beneficiary for breach of trust if the beneficiary or the beneficiary’s representative under the representation provisions of Chapter 5803. of the Revised Code consented to the conduct constituting the breach, released the trustee from liability […]
Section 5810.10 | Personal Contract and Tort Liability of Trustee.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) Except as otherwise provided in the contract, for contracts entered into on or after March 22, 1984, a trustee is not personally liable on a contract properly entered into in the trustee’s fiduciary capacity in the course of administering the trust […]
Section 5810.11 | Personal Liability of Trustee on Contract as Partner.
Effective: September 12, 2008 Latest Legislation: House Bill 332, House Bill 499 – 127th General Assembly (A)(1) Except as otherwise provided in division (C) of this section or unless personal liability is imposed in the contract, a trustee who holds an interest as a general partner in a general or limited partnership is not personally […]
Section 5810.01 | Breach of Trust Defined – Judicial Remedies.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) A violation by a trustee of a duty the trustee owes to a beneficiary is a breach of trust. (B) To remedy a breach of trust that has occurred or may occur, the court may do any of the following: (1) […]