Ohio Revised Code § 5816.11 - Trust Advisors; Eligibility; Default Fiduciary Status.

(A) Any person may serve as an advisor of a legacy trust except that a transferor may act as an advisor only in connection with investment decisions.

(B) An advisor shall be considered a fiduciary unless the terms of a legacy trust instrument expressly provide otherwise.

Added by 129th General AssemblyFile No.201, HB 479, §1, eff. 3/27/2013.

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Last modified: October 10, 2016