2011 Ohio Revised Code
Title [21] XXI COURTS - PROBATE - JUVENILE
Chapter 2109: FIDUCIARIES
2109.40 [Effective Until1/13/2012] Participation in corporate reorganization.

Unless the instrument creating a trust forbids, a fiduciary may do all of the things which an individual holder might do with respect to securities held by him, including the exercise or sale of subscription rights, the acceptance of new stock in the same corporation in place of the stock held, or in the event of reorganization, sale, or merger in a different corporation, and with the approval of the probate court, the investment of additional funds where required of all shareholders participating in a reorganization.

Effective Date: 10-01-1953

This section is set out twice. See also § 2109.40, as amended by 129th General Assembly File No. 52, SB 124, § 1, eff. 1/13/2012.

2109.40 [Effective1/13/2012] Participation in corporate reorganization

Unless the instrument creating a trust forbids, a fiduciary may do all of the things that an individual holder might do with respect to securities held by the fiduciary, including the exercise or sale of subscription rights, the acceptance of new stock in the same corporation in place of the stock held, or in the event of reorganization, sale, or merger in a different corporation, and with the approval of the probate court, the investment of additional funds if required of all shareholders participating in a reorganization.

Amended by 129th General Assembly File No. 52, SB 124, § 1, eff. 1/13/2012.

Effective Date: 10-01-1953

This section is set out twice. See also § 2109.40, effective until 1/13/2012.