Go to previous versions
of
this Section
2023 Ohio Revised Code
Title 58 | Trusts
Chapter 5816 | Ohio Legacy Trust Act
Section 5816.13 | Discretionary Interests Not Property of a Beneficiary.
Universal Citation: OH Rev Code § 5816.13 (2023)
Effective: March 27, 2013
Latest Legislation: House Bill 479 - 129th General Assembly
No beneficiary or other person shall be considered to have a property interest in any property of a legacy trust to the extent that the distribution of that property is subject to the discretion of one or more qualified trustees or advisors, either acting alone or in conjunction with any other person, including any person authorized to veto any distributions from the legacy trust.
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
