Effective: January 1, 1997
Latest Legislation: House Bill 538 - 121st General Assembly
(A) Any court in this state may direct moneys or property that are under its control, paid into court by parties to legal proceedings, or brought into court by reason of an order, judgment, or decree, to be placed with a trust company for safekeeping.
(B) Any court in this state may appoint a trust company to act as executor, administrator, assignee, guardian, receiver, or trustee, or in any other fiduciary capacity, for any estate or property of any kind.
(C) No trust company shall be required by a court to assume or execute any trust the trust company has not consented to assume or execute.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1111 | Trust Companies
Section 1111.01 | Trust Company Definitions.
Section 1111.02 | Authority to Solicit or Engage in Trust Business.
Section 1111.03 | Authority of National Bank or Federal Savings Association.
Section 1111.04 | Trust Company Pledging Securities.
Section 1111.05 | Individual, Schedule, or Blanket Fidelity Bonds for Employees and Officers.
Section 1111.06 | Applying for Trust Company License.
Section 1111.07 | No Transferring or Assigning License.
Section 1111.08 | Transferring Fiduciary Account or Relationship.
Section 1111.09 | Trust Service Offices.
Section 1111.11 | Trust Company - Powers and Duties.
Section 1111.12 | Use of Trust Companies by Courts.
Section 1111.13 | Investing of Trust Funds.
Section 1111.14 | Collective Investments.
Section 1111.15 | Purchase of Services or Products.
Section 1111.16 | Fiduciary Capacity for Holding Money and Property.
Section 1111.17 | Will, Trust Instrument or Other Authority Governs.
Section 1111.18 | Separating Fiduciary Assets and Records.
Section 1111.21 | Stated Capital Security for Faithful Discharge of Duties.
Section 1111.22 | Records Kept Separate.
Section 1111.23 | Requirements for Oaths, Affidavits and Signatures.
Section 1111.26 | Regulation by Superintendent and Division of Financial Institutions.
Section 1111.27 | Reporting to Superintendent.
Section 1111.28 | Court Order for Investigation of Trust.
Section 1111.31 | Ceasing Trust Business.