Ohio Revised Code § 2107.56 - Liability In Case Of Insolvency.

When any of the persons liable to contribute toward the discharge of a testator's debt according to sections 2107.54 and 2107.55 of the Revised Code, is insolvent, the others shall be severally liable to each other for the loss occasioned by the insolvency, each being liable in proportion to the value of the property received by the person from the estate of the deceased. If any one of the persons liable dies without paying the person's proportion of the debt, the executors and administrators of the person's estate shall be liable for that proportion to the extent to which the person would have been liable if living.

Amended by 129th General AssemblyFile No.52, SB 124, ยง1, eff. 1/13/2012.

Effective Date: 10-01-1953

Section: Previous  2107.501  2107.51  2107.52  2107.521  2107.53  2107.54  2107.55  2107.56  2107.57  2107.58  2107.59  2107.60  2107.61  2107.62  2107.63  Next

Last modified: October 10, 2016