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Home » US Law » 2022 Ohio Revised Code » Title 21 | Courts-Probate-Juvenile » Chapter 2131 | Miscellaneous

Section 2131.01 | Present Value Determinations.

Effective: October 29, 1999 Latest Legislation: House Bill 59 – 123rd General Assembly Present values for probate matters shall be the values determined for Ohio estate tax purposes pursuant to division (B) of section 5731.01 of the Revised Code.

Section 2131.02 | Legal Disability Defined.

Effective: January 1, 1974 Latest Legislation: Senate Bill 1 – 110th General Assembly “Legal disability” as used in Chapters 2101., 2103., 2105., 2107., 2109., 2111., 2113., 2115., 2117., 2119., 2121., 2123., 2125., 2127., 2129., and 2131. of the Revised Code includes the following: (A) Persons under the age of eighteen years; (B) Persons of unsound […]

Section 2131.05 | Validity of Remainders.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A remainder valid in its creation shall not be defeated by the determination of the precedent estate before the happening of the contingency on which the remainder was limited to take effect. Should such contingency afterwards happen, the remainder shall take effect […]

Section 2131.06 | When Expectant Estates Defeated.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly An expectant estate cannot be defeated or barred by any transfer or other act of the owner of the intermediate or precedent estate, nor by any destruction of such precedent estate by disseizen, forfeiture, surrender, merger, or otherwise; but an expectant estate […]

Section 2131.07 | Estate in Fee Simple May Be Made Defeasible.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly An estate in fee simple may be made defeasible upon the death of the holder thereof without having conveyed or devised the same, and the limitation over upon such event shall be a valid future interest. For the purpose of involuntary alienation, […]

Section 2131.08 | Rule Against Perpetuities.

Effective: March 27, 2013 Latest Legislation: House Bill 479 – 129th General Assembly (A) Subject to sections 1746.14, 1747.09, and 2131.09 of the Revised Code, no interest in real or personal property shall be good unless it must vest, if at all, not later than twenty-one years after a life or lives in being at […]

Section 2131.09 | Exemption of Certain Trusts.

Effective: March 27, 2013 Latest Legislation: House Bill 479 – 129th General Assembly (A) A trust of real or personal property created by an employer as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan, for the benefit of some or all of the employees, to which contributions […]

Section 2131.10 | Payable on Death Accounts.

Effective: August 29, 2000 Latest Legislation: House Bill 313 – 123rd General Assembly A natural person, adult or minor, referred to in sections 2131.10 and 2131.11 of the Revised Code as the owner, may enter into a written contract with any bank, building and loan or savings and loan association, credit union, or society for […]

Section 2131.11 | Release and Discharge of Payable on Death Account.

Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly If an investment share certificate, share account, deposit, or stock deposit is made in any bank, building and loan or savings and loan association, credit union, or society for savings, payable to the owner during the owner’s lifetime, and to another on […]

Section 2131.21 | Deposit of Securities Held in Fiduciary Capacity.

Effective: January 1, 1976 Latest Legislation: Senate Bill 145 – 111th General Assembly Any person holding securities in a fiduciary capacity, or any state bank, trust company, or national bank, any of which is holding securities as a custodian, managing agent, or custodian for a fiduciary, is authorized to deposit or arrange for the deposit […]