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2016 Ohio Revised Code
Title [58] LVIII TRUSTS
Chapter 5816 - OHIO LEGACY TRUST ACT
Section 5816.11 - Trust advisors; eligibility; default fiduciary status.

Ohio Rev Code § 5816.11 (2016) What's This?

(A) Any person may serve as an advisor of a legacy trust except that a transferor may act as an advisor only in connection with investment decisions.

(B) An advisor shall be considered a fiduciary unless the terms of a legacy trust instrument expressly provide otherwise.

Added by 129th General AssemblyFile No.201, HB 479, ยง1, eff. 3/27/2013.

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