Section 5815.13 | Exercising Power of Appointment.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly Any power of appointment that is not subject to an express condition that it may be exercised only by a donee or holder of a greater age may be exercised by any donee or holder of the age of eighteen years or […]
Section 5814.08 | Accounting by and Determination of Liability of Custodian.
Effective: April 6, 2017 Latest Legislation: House Bill 432 – 131st General Assembly (A) The minor, if the minor has attained the age of fourteen years, or the legal representative of the minor, a member of the minor’s family who is eighteen years of age or older, or a donor or transferor or the donor’s […]
Section 5814.09 | Delayed Time for Delivery of Custodial Property.
Effective: April 6, 2017 Latest Legislation: House Bill 432 – 131st General Assembly (A) Subject to the requirements and limitations of this section, the time for delivery to the minor of custodial property transferred under or pursuant to division (A) of section 5814.02 of the Revised Code may be delayed until a specified time after […]
Section 5814.10 | Applicability and Construction.
Effective: April 6, 2017 Latest Legislation: House Bill 432 – 131st General Assembly (A) Sections 5814.01 to 5814.10 of the Revised Code shall be construed to effectuate their general purpose to make uniform the law of those states that enact similar provisions. (B) Sections 5814.01 to 5814.10 of the Revised Code shall not be construed […]
Section 5815.01 | Inheritance and Bequest Defined.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly Except when the intent of the settlor clearly is to the contrary, the following rules of construction shall apply in interpreting the terms “inheritance” and “bequest”: (A) The term “inheritance,” in addition to its meaning at common law or under any other […]
Section 5815.02 | Issuers of Securities and Holders of Record.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly As used in sections 5815.02 and 5815.03 of the Revised Code: (A) “Fiduciary” includes a trustee under any trust, expressed, implied, resulting, or constructive; an executor, administrator, public administrator, guardian, committee, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of […]
Section 5815.03 | Issuer of Securities May Treat Holders of Record as Competent.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly Unless there has been delivered to an issuer a certified copy of an order, judgment, or decree of a court, judge, or administrative body or official, the legal effect of which is to restrict, suspend, or remove such capacity or authority, the […]
Section 5815.04 | Uniform Fiduciary Act Definitions.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly As used in sections 5815.04 to 5815.11 of the Revised Code: (A) “Bank” includes any person, carrying on the business of banking and any financial institution defined in section 5725.01 of the Revised Code. (B) “Fiduciary” includes a trustee under any trust, […]
Section 5815.05 | Transferee Not Responsible for Proper Application of Money.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly A person who in good faith pays or transfers to a fiduciary any money or other property that the fiduciary as such is authorized to receive is not responsible for the proper application of the money or other property by the fiduciary. […]
Section 5815.06 | Deposit in Name of Fiduciary as Such – Liability of Bank.
Effective: January 1, 2007 Latest Legislation: House Bill 416 – 126th General Assembly If a deposit is made in a bank to the credit of a fiduciary as such, the bank may pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with the name in which the […]