Ohio Revised Code
Chapter 2109 | Fiduciaries
Section 2109.24 | Resignation or Removal of Fiduciary.

Effective: January 13, 2012
Latest Legislation: Senate Bill 124 - 129th General Assembly
The probate court at any time may accept the resignation of any fiduciary upon the fiduciary's proper accounting, if the fiduciary was appointed by, is under the control of, or is accountable to the court. The fiduciary may resign by filing a written statement with the court after giving at least fifteen days notice to the persons known to be interested in the estate. Upon notice or a motion of the fiduciary to resign, the court may set the matter for a hearing and may notify all interested persons. No fiduciary shall resign without an order of the court.
If a fiduciary fails to make and file an inventory as required by sections 2109.58, 2111.14, and 2115.02 of the Revised Code or to render a just and true account of the fiduciary's administration at the times required by section 2109.301, 2109.302, or 2109.303 of the Revised Code, and if the failure continues for thirty days after the fiduciary has been notified by the court of the expiration of the relevant time, the fiduciary may be removed by the court and shall receive no allowance for the fiduciary's services unless the court enters upon its journal its findings that the delay was necessary and reasonable.
The court may remove any fiduciary, after giving the fiduciary not less than ten days' notice, for habitual drunkenness, neglect of duty, incompetency, or fraudulent conduct, because the interest of the property, testamentary trust, or estate that the fiduciary is responsible for administering demands it, or for any other cause authorized by law.
The court may remove a testamentary trustee upon the written application of more than one-half of the persons having an interest in the estate controlled by the testamentary trustee, but the testamentary trustee is not to be considered as a person having an interest in the estate under the proceedings; except that no testamentary trustee appointed under a will shall be removed upon the written application unless for a good cause.
Upon the resignation or removal of the fiduciary, the court shall revoke all letters of authority for the fiduciary.

Structure Ohio Revised Code

Ohio Revised Code

Title 21 | Courts-Probate-Juvenile

Chapter 2109 | Fiduciaries

Section 2109.01 | Fiduciary Defined.

Section 2109.02 | Appointment and Duties.

Section 2109.021 | Fiduciary Filings by Mail or in Person.

Section 2109.03 | Fiduciary's Attorney.

Section 2109.04 | Bond.

Section 2109.05 | Bond - Trust Created by Will.

Section 2109.06 | New or Additional Bond.

Section 2109.07 | Bond Conditions - Administrator - When Not Required.

Section 2109.08 | Bond Conditions - Special Administrator.

Section 2109.09 | Bond Conditions - Executor.

Section 2109.10 | Bond When Executor or Administrator Is Sole Residuary Legatee or Distributee.

Section 2109.11 | Bond Conditions - Testamentary Trustees.

Section 2109.12 | Bond Conditions - Guardians.

Section 2109.13 | Deposit of Personal Property in Lieu of Bond.

Section 2109.14 | Deposit of Works of Art in Museum Authorized - Reduction of Bond.

Section 2109.15 | Informality of Bond.

Section 2109.16 | One Bond for Two or More Wards.

Section 2109.17 | Sureties.

Section 2109.18 | Release of a Fiduciary's Sureties.

Section 2109.19 | Bond of Indemnity to Surety.

Section 2109.20 | Guardian May Give Real Property Mortgage to Secure Bond.

Section 2109.21 | Residence Qualifications of Fiduciary.

Section 2109.22 | Marriage No Disqualification for Fiduciary.

Section 2109.24 | Resignation or Removal of Fiduciary.

Section 2109.25 | Fiduciary in Military Service - Removal and Reinstatement.

Section 2109.26 | Vacancy Before Termination of the Trust - Accounting - Successor Fiduciary.

Section 2109.27 | Surviving Fiduciaries.

Section 2109.28 | Merger of Fiduciaries.

Section 2109.29 | Rights as to Shares in Corporation.

Section 2109.30 | Accounts of Fiduciaries.

Section 2109.301 | Administrator or Executor Rendering Account.

Section 2109.302 | Guardian or Conservator Rendering Account.

Section 2109.303 | Testamentary Trustee Rendering Account.

Section 2109.31 | Citation to Fiduciary to File Account.

Section 2109.32 | Hearing on Fiduciary's Account.

Section 2109.33 | Service of Additional Notice - Exceptions to Account.

Section 2109.34 | Representation in Account Proceeding.

Section 2109.35 | Effect of Order Settling Account - Vacation of Order.

Section 2109.36 | Order of Distribution.

Section 2109.361 | Application by Beneficiary for Approval of Third-Party Distribution.

Section 2109.37 | Investment of Trust Funds by Fiduciary.

Section 2109.371 | Additional Eligible Investments.

Section 2109.372 | Holding Cash or Making Temporary Investments.

Section 2109.38 | Retaining Unauthorized Investments.

Section 2109.39 | Receiving Distribution in Kind.

Section 2109.40 | Participation in Corporate Reorganization.

Section 2109.41 | Deposit of Funds.

Section 2109.42 | Liability for Failure to Invest.

Section 2109.43 | Personal Use of Trust Property Prohibited.

Section 2109.44 | Prohibited Transactions; Purchase of Property.

Section 2109.45 | Statement Filed Before Private Sale Confirmed.

Section 2109.46 | Mortgage by Fiduciary.

Section 2109.47 | Mortgage by a Guardian.

Section 2109.48 | Amount of Loan.

Section 2109.49 | Investigation of Trust.

Section 2109.50 | Proceedings When Assets Concealed or Embezzled.

Section 2109.51 | Imprisonment for Disobeying Citation.

Section 2109.52 | Judgment on the Complaint.

Section 2109.53 | Judgment Against Fiduciary - Removal.

Section 2109.54 | Certificate of Judgment - Delivery to Clerk of the Court of Common Pleas.

Section 2109.55 | Judgment in Favor of State.

Section 2109.56 | Conveyances.

Section 2109.57 | Appointment of Trustee of Funds of Unknown or Nonresident.

Section 2109.58 | Inventory by Fiduciary.

Section 2109.59 | Failure of Fiduciary to Make Payment or Distribution.

Section 2109.60 | Probate Court May Send Case to the Court of Common Pleas.

Section 2109.61 | Bond - Parties to Suit.

Section 2109.62 | Court Termination of Trust.

Section 2109.68 | Allocation of Receipts and Expenditures Between Principal and Income.

Section 2109.69 | Application of Trust Code Provisions to Testamentary Trusts.