2006 Ohio Revised Code - 2109.44. S.B. 129.

§ 2109.44. Prohibited transactions between fiduciary and estate.
 

Fiduciaries shall not buy from or sell to themselves and shall not have in their individual capacities any dealings with the estate, except as expressly authorized by the instrument creating the trust and then only with the approval of the probate court in each instance. No corporate fiduciary, other than a trust company, as defined in section 1101.01 of the Revised Code, shall be permitted to deal with the estate, any power in the instrument creating the trust to the contrary notwithstanding. This section does not prohibit a fiduciary from making an advancement when the advancement has been expressly authorized by the instrument creating the trust or when the probate court approves or from engaging in any act authorized by this chapter. 
 

HISTORY: GC § 10506-49; 114 v 320(374); 116 v 385; Bureau of Code Revision, 10-1-53; 144 v S 269 (Eff 3-24-93); 146 v S 129. Eff 5-30-96.