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2011 Ohio Revised Code
Title [21] XXI COURTS - PROBATE - JUVENILE
Chapter 2109: FIDUCIARIES
2109.42 [Effective Until1/13/2012] Liability for failure to invest.


OH Rev Code § 2109.42 What's This?

Subject to section 2109.372 of the Revised Code, a fiduciary who has funds belonging to a trust which are not required for payment of current obligations of his trust or distribution shall, unless otherwise ordered by the probate court, invest such funds within a reasonable time according to section 2109.37 or 2109.371 of the Revised Code. On failure to do so, such fiduciary shall account to the trust for such loss of interest as is found by the court to be due to his negligence.

Effective Date: 10-20-1987

This section is set out twice. See also § 2109.42, as amended by 129th General Assembly File No. 52, SB 124, § 1, eff. 1/13/2012.

2109.42 [Effective1/13/2012] Liability for failure to invest

Subject to section 2109.372 of the Revised Code, a fiduciary who has funds belonging to a trust that are not required for payment of current obligations of the fiduciary’s trust or distribution shall, unless otherwise ordered by the probate court, invest those funds within a reasonable time according to section 2109.37 or 2109.371 of the Revised Code. On failure to do so, the fiduciary shall account to the trust for any loss of interest that is found by the court to be due to the fiduciary’s negligence.

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

Effective Date: 10-20-1987

This section is set out twice. See also § 2109.42, effective until 1/13/2012.

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