Ohio Revised Code Chapter 5815 - Miscellaneous Provisions

• Section 5815.01 - Inheritance And Bequest Defined.
  Except when the intent of the settlor clearly is to the contrary, the following rules of construction shall apply in interpreting the terms "inheritance"...
• Section 5815.02 - Issuers Of Securities And Holders Of Record.
  As used in sections 5815.02 and 5815.03 of the Revised Code: (A) "Fiduciary" includes a trustee under any trust, expressed, implied, resulting, or constructive;...
• Section 5815.03 - Issuer Of Securities May Treat Holders Of Record As Competent.
  Unless there has been delivered to an issuer a certified copy of an order, judgment, or decree of a court, judge, or administrative body...
• Section 5815.04 - Uniform Fiduciary Act Definitions.
  As used in sections 5815.04 to 5815.11 of the Revised Code: (A) "Bank" includes any person, carrying on the business of banking and any...
• Section 5815.05 - Transferee Not Responsible For Proper Application Of Money.
  A person who in good faith pays or transfers to a fiduciary any money or other property that the fiduciary as such is authorized...
• Section 5815.06 - Deposit In Name Of Fiduciary As Such - Liability Of Bank.
  If a deposit is made in a bank to the credit of a fiduciary as such, the bank may pay the amount of the...
• Section 5815.07 - Check Drawn By Fiduciary Upon Account Of His Principal - Liability Of Bank.
  If a check is drawn upon the principal's account by a fiduciary who is empowered to do so, the bank may pay the check...
• Section 5815.08 - Deposit To Personal Credit Of Fiduciary.
  If a fiduciary makes a deposit in a bank to the fiduciary's personal credit of checks drawn by the fiduciary upon an account in...
• Section 5815.09 - Deposit In Name Of Two Or More Trustees - Checks.
  When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon...
• Section 5815.10 - Interpretation And Construction.
  Sections 5815.04 to 5815.11 of the Revised Code shall be construed to effectuate their general purpose of making the law of this state uniform...
• Section 5815.11 - Rules Of Law And Equity Applicable.
  In any case not provided for in sections 5815.04 to 5815.11 of the Revised Code, the rules of law and equity, including the law...
• Section 5815.12 - Power Of Appointment Defined.
  As used in sections 5815.13, 5815.14, and 5815.15 of the Revised Code, "power of appointment" means any power that is in effect a power...
• Section 5815.13 - Exercising Power Of Appointment.
  Any power of appointment that is not subject to an express condition that it may be exercised only by a donee or holder of...
• Section 5815.14 - Release And Disclaimer Of A Power.
  Any power of appointment may be released in whole or in part by the donee or holder of the power by an instrument in...
• Section 5815.15 - Notice Of Release.
  No fiduciary or other person having the possession or control of any property subject to a power of appointment, other than the donee or...
• Section 5815.16 - Duty Of Attorney To Third Parties.
  (A) Absent an express agreement to the contrary, an attorney who performs legal services for a fiduciary, by reason of the attorney performing those...
• Section 5815.21 - Federal Estate Tax Marital Deduction Distributions.
  Whenever the executor of a will or the trustee of a testamentary or inter vivos trust is permitted or required to select assets in...
• Section 5815.22 - Spendthrift Provisions.
  (A) (1) Except as provided in divisions (A)(2), (3), and (4) of this section, a spendthrift provision in an instrument that creates an inter...
• Section 5815.23 - Effect Of Requiring Or Permitting Accumulation For More Than One Year Of Any Income Of Property.
  (A) Except as provided in division (B) of this section, an instrument that creates an inter vivos or testamentary trust shall not require or...
• Section 5815.24 - Limitations On Liability.
  (A) As used in this section, "fiduciary" means a trustee under any expressed, implied, resulting, or constructive trust; an executor, administrator, public administrator, committee,...
• Section 5815.25 - Administrative Duties And Responsibilities Of Trust; Exclusion Of Fiduciaries.
  (A) As used in this section, "fiduciary" means a trustee under any testamentary, inter vivos, or other trust, an executor or administrator, or any...
• Section 5815.26 - Holding Cash Or Making Temporary Investments.
  (A) As used in this section: (1) "Fiduciary" means a trustee under any testamentary, inter vivos, or other trust, an executor or administrator, or...
• Section 5815.27 - Application Of Generation-skipping Transfer Tax Provisions.
  (A) A provision in a will or trust agreement, which provision pertains to the payment of any taxes that are imposed by reason of...
• Section 5815.28 - Supplemental Services For Beneficiary With Physical Or Mental Disability.
  (A) As used in this section: (1) "Ascertainable standard" includes a standard in a trust instrument requiring the trustee to provide for the care,...
• Section 5815.31 - Termination Of Marriage Revokes Any Trust Provision Conferring A Beneficial Interest Or A Power Or Nomination.
  Unless the trust or separation agreement provides otherwise, if, after executing a trust in which the grantor reserves to self a power to alter,...
• Section 5815.32 - Revocation Of Power Of Attorney Upon Termination Of Marriage Or Entering Separation Agreement.
  If a principal executes a power of attorney designating the principal's spouse as the attorney in fact for the principal and if after executing...
• Section 5815.33 - Termination Of Marriage Revokes Designation Of Spouse As Beneficiary.
  (A) As used in this section: (1) "Beneficiary" means a beneficiary of a life insurance policy, an annuity, a payable on death account, an...
• Section 5815.34 - Termination Of Marriage Affects Survivorship Rights.
  (A) (1) Unless the judgment or decree granting the divorce, dissolution of marriage, or annulment specifically provides otherwise, and subject to division (A)(2) of...
• Section 5815.35 - General Partners Acting As Fiduciary.
  (A) (1) As used in this division, "fiduciary" means any person, association, or corporation, other than a trustee of a testamentary trust, an assignee...
• Section 5815.36 - Disclaiming Testamentary And Nontestamentary Succession To Real And Personal Property.
  (A) As used in this section: (1) "Disclaimant" means any person, any guardian or personal representative of a person or estate of a person,...
• Section 5815.37 - Temporary Conveyances.
  (A) If any interest in real property held by any trustee of an express trust that is wholly or partially governed by a law...
• Section 5815.41 - Consignment Of Art Works Definitions.
  As used in sections 5815.41 to 5815.48 of the Revised Code: (A) "Art dealer" means a person engaged in the business of selling works...
• Section 5815.42 - Art Dealer's Acceptance Of Work On Consignment From Artist.
  If an art dealer accepts a work of art, on a fee, commission, or other compensation basis, on consignment from the artist who created...
• Section 5815.43 - When Work Of Art Ceases To Be Trust Property.
  (A) If a work of art is trust property under section 5815.42 of the Revised Code when it is initially received by the art...
• Section 5815.44 - Work Of Art Not Subject To Claims Of Creditors Of Art Dealer.
  A work of art that is trust property under section 5815.42 or 5815.43 of the Revised Code is not subject to the claims, liens,...
• Section 5815.45 - Written Contract Prerequisite For Accepting Work Of Art.
  (A) An art dealer shall not accept a work of art, on a fee, commission, or other compensation basis, on consignment from the artist...
• Section 5815.46 - Display Conditions.
  An art dealer who accepts a work of art, on a fee, commission, or other compensation basis, on consignment from the artist who created...
• Section 5815.47 - Waiver Of Provisions Is Void.
  Any portion of an agreement that waives any provision of sections 5815.41 to 5815.48 of the Revised Code is void. Effective Date: 01-01-2007
• Section 5815.48 - Liability For Violations.
  Any art dealer who violates section 5815.45 or 5815.46 of the Revised Code is liable to the artist for the artist's reasonable attorney's fees...

Last modified: October 10, 2016