Ohio Revised Code Chapter 5814 - Ohio Transfers To Minors Act

• Section 5814.01 - Transfers To Minors Act Definitions.
  As used in sections 5814.01 to 5814.09 of the Revised Code, unless the context otherwise requires: (A) "Benefit plan" means any plan of an...
• Section 5814.02 - Subject Of Gift Or Transfer.
  (A) A person who is eighteen years of age or older may, during the person's lifetime, make a gift or transfer of a security,...
• Section 5814.03 - Effect Of Gift Or Transfer.
  (A) A gift or transfer made in a manner prescribed in sections 5814.01 to 5814.09 of the Revised Code, is irrevocable and conveys to...
• Section 5814.04 - Custodian - Powers And Duties.
  (A) The custodian shall collect, hold, manage, invest, and reinvest the custodial property. (B) The custodian shall pay over to the minor for expenditure...
• Section 5814.05 - Fees And Compensation Of Custodian.
  (A) A custodian is entitled to reimbursement from the custodial property for reasonable expenses incurred in the performance of the custodian's duties. (B) A...
• Section 5814.06 - Responsibility Of Issuer, Transfer Agent, Financial Institution, Broker, Or Life Insurance Company.
  An issuer, transfer agent, financial institution, broker, life insurance company, or other person acting on the instructions of or otherwise dealing with any person...
• Section 5814.07 - Successor Custodian.
  (A) Any person who is eighteen years of age or older or a trust company is eligible to become a successor custodian. A successor...
• Section 5814.08 - Accounting By And Determination Of Liability Of Custodian.
  (A) The minor, if the minor has attained the age of fourteen years, or the legal representative of the minor, a member of the...
• Section 5814.09 - Applicability And Construction.
  (A) Sections 5814.01 to 5814.09 of the Revised Code shall be construed to effectuate their general purpose to make uniform the law of those...

Last modified: October 10, 2016