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the Ohio Revised Code
2014 Ohio Revised Code
Title [21] XXI COURTS - PROBATE - JUVENILE
Chapter 2109 - FIDUCIARIES.
Section 2109.40 - Participation in corporate reorganization.
Universal Citation:
Ohio Rev Code § 2109.40 (2014)
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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 AssemblyFile No.52, SB 124, §1, eff. 1/13/2012.
Effective Date: 10-01-1953
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