Effective: March 18, 1983
Latest Legislation: Senate Bill 435 - 114th General Assembly
Unless otherwise stated in the trust instrument, a business trust that has made the filings described in section 1746.04 of the Revised Code has a perpetual period of existence and is not affected by any rule against perpetuities. Nothing contained in this section shall be construed or interpreted to limit, prohibit, or invalidate any provision of a trust instrument providing that such business trust may be terminated at any time by action of the trustees or by the vote of a specified percentage in interest of the beneficial owners thereof.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1746 | Business Trusts
Section 1746.01 | Business Trust Definitions.
Section 1746.02 | Status of Business Trusts.
Section 1746.03 | Compliance With Chapter.
Section 1746.04 | Filing With Secretary of State Before Transacting Business.
Section 1746.05 | Contents of Trust Agreement Forming Establishing Business Trust.
Section 1746.07 | Amendment of Trust.
Section 1746.08 | Trustees' Qualifications and Liabilities.
Section 1746.09 | General Powers of Business Trust.
Section 1746.10 | Interests in Property.
Section 1746.11 | Service of Process.
Section 1746.12 | Shares of Beneficial Interest.
Section 1746.13 | Liability to Third Persons - Insurance.
Section 1746.14 | Perpetual Period of Existence.
Section 1746.15 | Withdrawal From State.
Section 1746.16 | Forfeiture for Violation of Chapter.
Section 1746.17 | Validity of Contracts or Titles Not Affected by Violation.
Section 1746.18 | Merger, Consolidation, Sale or Other Disposition of Assets.
Section 1746.19 | Foreign Business Trusts.