Ohio Revised Code Chapter 5809 - Ohio Uniform Prudent Investor Act

• Section 5809.01 - Trustee Duty To Comply With Act.
  (A) (1) As used in the Revised Code, the "Ohio Uniform Prudent Investor Act" means sections 5809.01 to 5809.08, 5808.03, 5808.05, and 5808.06, division...
• Section 5809.02 - Standard Of Care - Portfolio Strategy - Risk And Return Objectives.
  (A) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances...
• Section 5809.03 - Investment Authority - Diversification.
  (A) A trustee may invest in any kind of property or type of investment provided that the investment is consistent with the requirements and...
• Section 5809.031 - Duties Of A Trustee With Respect To The Acquisition, Retention, Or Ownership Of A Life Insurance Policy.
  (A) Notwithstanding any other provision of the Ohio Uniform Prudent Investor Act, unless otherwise provided by the terms of the trust, the duties of...
• Section 5809.04 - Duties At Inception Of Trusteeship.
  Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions...
• Section 5809.05 - Reviewing Compliance.
  Compliance with the Ohio Uniform Prudent Investor Act shall be determined in light of the facts and circumstances existing at the time of a...
• Section 5809.06 - Delegation Of Investment And Management Functions.
  (A) A trustee may delegate investment and management functions of a trust that a prudent trustee having comparable skills could properly delegate under the...
• Section 5809.07 - Language Invoking Standard Of Act.
  The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted by...
• Section 5809.08 - Application And Construction.
  (A) The Ohio Uniform Prudent Investor Act shall be applied and construed to effectuate the general purpose to make uniform the law with respect...

Last modified: October 10, 2016