Effective: March 27, 2013 Latest Legislation: House Bill 479 – 129th General Assembly (A) As used in this section, “fiduciary” means a trustee under any testamentary, inter vivos, or other trust, an executor or administrator, or any other person who is acting in a fiduciary capacity for any person, trust, or estate. (B) If an […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) As used in this section: (1) “Fiduciary” means a trustee under any testamentary, inter vivos, or other trust, an executor or administrator, or any other person who is acting in a fiduciary capacity for a person, trust, or estate. (2) “Short […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) A provision in a will or trust agreement, which provision pertains to the payment of any taxes that are imposed by reason of the testator’s or trust creator’s death, does not include the payment of any portion of any tax that […]
Effective: October 12, 2016 Latest Legislation: House Bill 158 – 131st General Assembly (A) As used in this section: (1) “Ascertainable standard” includes a standard in a trust instrument requiring the trustee to provide for the care, comfort, maintenance, welfare, education, or general well-being of the beneficiary. (2) “Disability” means any substantial, medically determinable impairment […]
Effective: March 24, 2010 Latest Legislation: Senate Bill 106 – 128th General Assembly Unless the trust or separation agreement provides otherwise, if, after executing a trust in which the grantor reserves to self a power to alter, amend, revoke, or terminate the provisions of the trust, a grantor is divorced, obtains a dissolution of marriage, […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly If a principal executes a power of attorney designating the principal’s spouse as the attorney in fact for the principal and if after executing the power of attorney, the principal and the principal’s spouse are divorced, obtain a dissolution or annulment of […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) As used in this section: (1) “Beneficiary” means a beneficiary of a life insurance policy, an annuity, a payable on death account, an individual retirement plan, an employer death benefit plan, or another right to death benefits arising under a contract. […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A)(1) Unless the judgment or decree granting the divorce, dissolution of marriage, or annulment specifically provides otherwise, and subject to division (A)(2) of this section, if the title to any personal property is held by two persons who are married to each […]
Effective: October 12, 2016 Latest Legislation: House Bill 158 – 131st General Assembly (A)(1) As used in this division, “fiduciary” means any person, association, or corporation, other than a trustee of a testamentary trust, an assignee or trustee for an insolvent debtor, or a guardian under Chapter 5905. of the Revised Code, that is appointed […]
Effective: March 27, 2013 Latest Legislation: House Bill 479 – 129th General Assembly (A) As used in this section: (1) “Disclaimant” means any person, any guardian or personal representative of a person or estate of a person, or any attorney-in-fact or agent of a person having a general or specific authority to act granted in […]
Effective: March 27, 2013 Latest Legislation: House Bill 479 – 129th General Assembly (A) If any interest in real property held by any trustee of an express trust that is wholly or partially governed by a law of this state or any interest in real property located in this state that is held by the […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly As used in sections 5815.41 to 5815.48 of the Revised Code: (A) “Art dealer” means a person engaged in the business of selling works of art, other than a person exclusively engaged in the business of selling goods at public auction. (B) […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly If an art dealer accepts a work of art, on a fee, commission, or other compensation basis, on consignment from the artist who created the work of art, the following consequences attach: (A) The art dealer is, with respect to that work […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) If a work of art is trust property under section 5815.42 of the Revised Code when it is initially received by the art dealer, it remains trust property, notwithstanding the subsequent purchase of the work of art by the art dealer […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly A work of art that is trust property under section 5815.42 or 5815.43 of the Revised Code is not subject to the claims, liens, or security interests of the creditors of the art dealer, notwithstanding Chapters 1301. to 1310. of the Revised […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly (A) An art dealer shall not accept a work of art, on a fee, commission, or other compensation basis, on consignment from the artist who created the work of art unless, prior to or at the time of acceptance, the art dealer […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly An art dealer who accepts a work of art, on a fee, commission, or other compensation basis, on consignment from the artist who created the work of art shall not use or display the work of art or a photograph of the […]
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly Any portion of an agreement that waives any provision of sections 5815.41 to 5815.48 of the Revised Code is void.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly Any art dealer who violates section 5815.45 or 5815.46 of the Revised Code is liable to the artist for the artist’s reasonable attorney’s fees and in an amount equal to the greater of either of the following: (A) Fifty dollars; (B) The […]
